Wednesday, 3 May 2017

USD/CAD Intraday 04 May 2017

USD/CAD Intraday: the bias remains bullish.
Pivot: 1.3700

Most likely scenario: long positions above 1.3700 with targets at 1.3740 & 1.3760 in extension.

Alternative scenario: below 1.3700 look for further downside with 1.3675 & 1.3650 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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