Change Point (devaluation level): 88
We prefer: SELLING at 87.9 with price targets on the 87.45 and 87.2.
Alternative scenario: over 88, we expect further upward movements with 88.2 & 88.5 as price targets.
Technical Comment: the RSI is pushed against a major resistance at about 70% and returns are down.
Related Post
Related posts:
- USD / CAD in the course of the day: ST-important resistance at 1.0415.
- USD / CAD in the course of the day: ST-important resistance at 1.0485.
- USD / JPY during the day: an important resistance at 87
- USD / JPY during the day: ST-important resistance at 85.7.
- USD / CAD in the course of the day: ST-important resistance at 1.0385.