FxWirePro
Long

Loonie faces strong support at 1.2840, good to buy at dips

FX:USDCAD   U.S. Dollar / Canadian Dollar
175 1 5
USD/CAD             has made a low of 1.2855 and slightly recovered from that level. Overall trend is still bullish as long as support 1.2840 holds.

Overall bullish invalidation can happen only below 1.2840.

On the downside any break below 1.2840 will drag the pair further down till 1.2800/1.2716 in short term.

The pair's minor resistance are at 1.2976/1.3010 level.

It is good to buy at dips around 1.2925-30 with SL 1.2840 for the TP of 1.3005/1.3100.
Thanks bro for the analysis.
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