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Short

We prefer to go short in USD/CAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
83 0 1
Short term trend: Bearish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.1319
Kijun-Sen level: 1.1364
Ichimoku cloud top: 1.1387
Ichimoku cloud bottom: 1.1293

USD/CAD             made a low of 1.1280 and has recovered from that level. Overall trend is bearish as long as major resistance 1.14007 holds.
The pair is facing minor resistance around 1.1360 ( Oct             12th high) and any indicative break would extend gain to 1.14007/1.14655.
USD/CAD             minor support is around 1.1280. On the downside break below will target 1.1190/1.1160/1.1121 ( Oct             29th low).

Recommendation: Sell USD/CAD             around 1.1350, SL 1.4017, Target 1.11210.
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