Tanalys

USD/CAD intraday: capped by a negative trend line.

Pivot: 1.0065

Our preference: Short positions below 1.0065 with targets @ 1.003 1.0015 in extension.

Alternative scenario: Above 1.0065 look for further upside with 1.008 1.01 as targets.

Comment: the pair is capped by a declining trend line and remains under pressure.

Key levels

1.01

1.008

1.0065

1.0037 last

1.003

1.0015

0.9995

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