Tanalys

USD/CAD Intraday: key resistance at 1.312.

Pivot: 1.312

Our preference: Short positions below 1.312 with targets @ 1.3055 1.301 in extension.

Alternative scenario: Above 1.312 look for further upside with 1.315 1.318 as targets.

Comment: As long as 1.312 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.318 **

1.315 ***

1.312 ***

1.3093 Last

1.3055 ***

1.301 **

1.296 ***

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