FxWirePro
Short

USD/CAD Short Term Outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
22 views
1
22 0
USD/CAD has broken major short term support 1.11830 (Oct 22nd low) and is expected to show free fall in the coming days.
On the downside break below 1.1180 will target 1.11350 ( 50% retracement of 1.08858 and 1.13842) and 1.108 (Oct 9th low).
Minor resistance is around 1.1207 (Kijun-Sen) and break above will target 1.1220/1.1254.
Recommendation: Sell USD/CAD around 1.11630-40, SL 1.1182, Target 1.1135/1.108.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out