Loonie faces strong support at 1.403, break below targets 1.3320
USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.4160
The pair’s major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms intraday weakness, a decline till 1.3370/1.3330 is possible.
On the higher side minor resistance is around 1.3430 and any break above will target 1.3460/1.3480.
Bearish invalidation only above 1.3460 level.
It is good to sell below 1.3403 with SL around 1.3435 for the TP of 1.3370/1.3320.
The pair’s major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms intraday weakness, a decline till 1.3370/1.3330 is possible.
On the higher side minor resistance is around 1.3430 and any break above will target 1.3460/1.3480.
Bearish invalidation only above 1.3460 level.
It is good to sell below 1.3403 with SL around 1.3435 for the TP of 1.3370/1.3320.
