Tanalys

USD/CAD Intraday: key resistance at 1.416.

Pivot: 1.416

Our preference: short positions below 1.416 with targets @ 1.402 1.3985 in extension.

Alternative scenario: above 1.416 look for further upside with 1.42 1.426 as targets.

Comment: as long as 1.416 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

1.426 ***

1.42 ***

1.416 ***

1.4082 Last

1.402 ***

1.3985 **

1.395 ***

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