Tanalys

USD/CAD Intraday: key resistance at 1.305.

Pivot: 1.305

Our preference: Short positions below 1.305 with targets @ 1.298 1.295 in extension.

Alternative scenario: Above 1.305 look for further upside with 1.3095 1.3125 as targets.

Comment: The upward potential is likely to be limited by the resistance at 1.305.

Supports and resistances:

1.3125 *

1.3095 **

1.305 **

1.3036 Last

1.298 **

1.295 ***

1.291 ***

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