FxWirePro
Short

USD/CAD Short term outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
219 0 3
USD/CAD             has broken major support 1.2350 and this confirms short term weakness a decline till 1.11903 cannot be ruled out.

On the upside minor resistance is around 1.2320 and any break above could extend gains till 1.2350/1.2380.

The pair’s major support is around 1.2180 and break below will drag the pair further down till 1.11903.

Indicator ( Daily chart )

CCI (50) - Sell

Woodies CCI (14) – Sell

Ichimoku- Sell

We prefer to sell USD/CAD             around 1.2300 with stop around 1.2360 for the target of 1.1900.
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