Tanalys

USD/CAD Intraday: key resistance at 1.2385.

Pivot: 1.2385

Our preference: Short positions below 1.2385 with targets @ 1.227 1.224 in extension.

Alternative scenario: Above 1.2385 look for further upside with 1.244 1.247 as targets.

Comment: As long as 1.2385 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.247

1.244

1.2385

1.2316 Last

1.227

1.224

1.221

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