FxWirePro
Short

USD/CAD breaks minor trendline support 1.3290,decline till 1.322

FX:USDCAD   U.S. Dollar/Canadian Dollar
325 1 7
Major intraday support -1.3290 ( trend line joining 1.3245 and 1.3284)

Loonie has broken intraday support 1.3290 and is currently trading around 1.32835.

Short term trend is weak as long as resistance 1.3330 holds. Any break above 1.3300 will take the pair to new level 1.3380/1.3400.

Overall bearish invalidation only above 1.3435.

On the lower side minor support is around 1.3280 and break below targets 1.3245/1.3220.

It is good to sell on rallies around 1.3295 with SL around 1.3300 for TP of 1.3245/1.3220.
Josphat89
a year ago
Agreed with you sir..
Reply
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