Loonie breaks major resistance 1.3380, targets 1.3450
Major trend reversal level- 1.3380
USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible .
Short term trend reversal can happen only below 1.3320 and break below targets 1.3290/1.3240.
Overall bullish invalidation only below 1.3240.The pair’s minor support is around 1.3340.
It is good to buy at dips around 1.3380-85 with SL around 1.3340 for the TP of 1.3450/1.3495.
USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible .
Short term trend reversal can happen only below 1.3320 and break below targets 1.3290/1.3240.
Overall bullish invalidation only below 1.3240.The pair’s minor support is around 1.3340.
It is good to buy at dips around 1.3380-85 with SL around 1.3340 for the TP of 1.3450/1.3495.