Tanalys

USD/CAD Intraday: key resistance at 1.1995.

Pivot: 1.1995

Our preference: Short positions below 1.1995 with targets @ 1.192 1.1885 in extension.

Alternative scenario: Above 1.1995 look for further upside with 1.205 1.21 as targets.

Comment: As long as 1.1995 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.21 **

1.205 ***

1.1995 **

1.1975 Last

1.192 ***

1.1885 ***

1.185 **

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