FxWirePro
Short

Loonie faces strong support at 1.403, break below targets 1.3320

FX:USDCAD   U.S. Dollar/Canadian Dollar
485 3 15
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.
Nicemate
a year ago
How can it make a high at 1.34570, decline, and now trade at 1.4160 ???
Reply
FxWirePro Nicemate
a year ago
Sorry 1.3416
Reply
Nice call! Thank you very much
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