USD/CAD has once agin take support at 1.2400 and recovered till 1.2519. Overall trend is bullish as long as support 1.24475 holds.
On the upside minor resistance is around 1.2550 and nay break baove will take the pair further up till 1.2615/1.2660.
The pair’s minor support is around 1.2480 and any break below will drag the pair further to 1.2440/1.2400.
Indicators (1 hour chart)
CCI(50)- Buy
CCI(14)- Buy
Ichimoku- Buy
Recommendations: Buy USD/CAD around 1.2520, SL 1.2480, Targets 1.2615.
On the upside minor resistance is around 1.2550 and nay break baove will take the pair further up till 1.2615/1.2660.
The pair’s minor support is around 1.2480 and any break below will drag the pair further to 1.2440/1.2400.
Indicators (1 hour chart)
CCI(50)- Buy
CCI(14)- Buy
Ichimoku- Buy
Recommendations: Buy USD/CAD around 1.2520, SL 1.2480, Targets 1.2615.