Tanalys

USD/CAD Intraday: key resistance at 1.2075.

Pivot: 1.2075

Our preference: Short positions below 1.2075 with targets @ 1.194 1.187 in extension.

Alternative scenario: Above 1.2075 look for further upside with 1.212 1.2195 as targets.

Comment: As long as 1.2075 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.2195

1.212

1.2075

1.2037 Last

1.194

1.187

1.18

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