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Short

USD/CAD Short Term Outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
22 0 1
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.
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