USD/CAD: Potential for a continued decline to 1.2890 – Goldman Sachs
|Analysts at Goldman Sachs offer key technical levels for trading the USD/CAD pair in the coming days.
Key Quotes:
“The next interim support is down at 1.30-1.2974; includes the April uptrend as well as a 1.618 extension target.
There are a few technical resistance levels down to 1.2890 but believe there is scope for a decline.
Consider selling into 1.3282 no higher than 1.3350. Confidence below 1.3206. Next in focus 1.3120. Scope to retrace between 1.30 and 1.2878."
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