FxWirePro
Long

USD/CAD Short term Outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
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USD/CAD has broken 1.13850 and this confirms the resumption of bullish trend .Any indicative break above 1.13850 would extend gain to 1.143 ( 61.8% retracement of 1.08865 to 1.13850 from 1.1121) and 1.1463.
Minor support isaround 1.1360. On the downside break below will target 1.1338/1.13270.
Short term trend reversal only below 1.13200.
Recommendation: Buy USD/CAD around 1.13850, SL 1.1360, Target 1.1430/1.1463.

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