FxWirePro
Short

USD/CAD:Sell on rallies

FX:USDCAD   U.S. Dollar/Canadian Dollar
211 0 11
Major Resistance- 1.3320 ( trend line joining 1.32481 and 1.32809)

Major support – 1.3175 (10- day MA)

Loonie hits fresh Six months high on Friday at 1.33128 and started to decline from that level. The pair declined drastically till 1.31862 on Friday and at closing recovered sharply till 1.32959.

It is currently trading around 1.32595. Short term trend is weak as long as resistance 1.3320 holds. Any violation above 1.3320 will take the pair to next level till 1.3340/1.3400 in the short term.

The minor weakness can be seen below 1.31750 (10- day MA) and any break below targets 1.3130/1.3100.

It is good to sell on rallies around 1.3265 with SL around 1.3320 for the TP of 1.3175/1.3135.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out