USD/CAD – Eyeing trend line support, Gartley intact

FX:USDCAD   U.S. Dollar / Canadian Dollar
Resistance – 1.2888, 1.2987, 1.3037

Support – 1.2837, 1.2771, 1.2654

  • A break lower on the daily closing basis would open doors for a slide to point D of the bullish Gartley pattern. (also known as the potential reversal zone)
  • On the higher side, falling trend line stands as a major resistance, above which bears are likely to take the backseat.
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