Tanalys

USD/CAD Intraday: key resistance at 1.11.

Pivot: 1.11

Our preference: Short positions below 1.11 with targets @ 1.1035 1.1005 in extension.

Alternative scenario: Above 1.11 look for further upside with 1.1155 1.119 as targets.

Comment: as long as the resistance at 1.11 is not surpassed, the risk of the break below 1.1035 remains high.

Supports and resistances:

1.119

1.1155

1.11

1.1075 Last

1.1035

1.1005

1.0975

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