Tanalys

USD/CAD Intraday: key resistance at 1.111.

Pivot: 1.111

Our preference: Short positions below 1.111 with targets @ 1.1035 1.1015 in extension.

Alternative scenario: Above 1.111 look for further upside with 1.115 1.1195 as targets.

Comment: as long as 1.111 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.1195

1.115

1.111

1.109 Last

1.1035

1.1015

1.097

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