(16 JULY 2020)USD/CAD The downside prevails.

<p>Pivot</p>
<p>&nbsp;(invalidation): 1.3535 Our preference</p>
<p>Short positions below 1.3535 with targets at 1.3490 &amp; 1.3470 in extension.</p>
<p>Alternative scenario</p>
<p>Above 1.3535 look for further upside with 1.3555 &amp; 1.3575 as targets.</p>

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