7861066 9/9/2017 2:40 AM, USD/CAD Intraday: bullish bias above 1.2050.


Pivot: 1.2050


Our preference:

long positions above 1.2050 with targets at 1.2200 & 1.2245 in extension.


Alternative scenario:

below 1.2050 look for further downside with 1.1980 & 1.1900 as targets.


Comment:

the RSI broke above a bearish trend line.


Supports and resistances:


1.2335 ***

1.2245 ***

1.2200 ***


1.2151

Last

1.2050 ***

1.1980 *

1.1900 *