USD/CAD Short term outlook

FX:USDCAD   U.S. Dollar / Canadian Dollar
196 0
USD/CAD has broken major support 1.2530 (200 day 4Hour EMA ) and declined till 1.2426. Short term trend is still weak as long as support 1.2559 holds

On the upside minor resistance is around 1.2560 and short term trend reversal can happen only above that level. Break above 1.2560 could pave way for 1.2615/1.2665.

The pair’s minor support is around 1.2480 and any break below 1.2440/1.2400.

Indicators (4 hours Chart)

CCI (50) - Sell

CCI (14) – Sell

CCI (14) - Sell

Recommendation: Sell USD/CAD around 1.2490, SL 1.2560, Targets 1.2420/1.2400.
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