Tanalys

USD/CAD intraday: key ST resistance at 1.063.

Pivot: 1.063

Our preference: Short positions below 1.063 with targets @ 1.0565 1.053 in extension.

Alternative scenario: Above 1.063 look for further upside with 1.067 1.0705 as targets.

Comment: as long as 1.063 is resistance, look for choppy price action with a bearish bias.

Key levels

1.0705

1.067

1.063

1.05987 last

1.0565

1.053

1.05

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