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Long

USD/CAD Short Term Outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
143 0 0
USD/CAD             recovered from low of 1.2350 and is currently trading at 1.2562. Short term trend is bullish as long as support 1.2490 holds.

On the downside break below 1.2490 will target 1.2430/1.2378.

USD/CAD             resistance is around 1.2600 and break of will target 1.2680/1.2780.

Indicators (1 Hour chart)
CCI (50) - Buy
CCI (14) - Sell
Ichimoku- Buy

Recommendation: Buy USD/CAD             around 1.2558, SL 1.2489, Target 1.2680/1.2775.

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