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Short

USD/CAD faces support at 1.398,break below targets 1.3885/1.383

FX:USDCAD   U.S. Dollar/Canadian Dollar
233 0 2
Major Support: 1.3980 ( trend line joining 1.4044 and 1.4028)

Minor intraday resistance -1.4040 (20 day HMA )

Any break below 1.3980 will drag the pair down till 1.3900/1.38850/1.3830. On the higher side major resistance is around 1.4040 and break above will take the pair till next level till 1.4082/1.4100/1.4150.

Short term bullishness only above 1. 4082             level.

It is good to sell below 1.3980 with SL around 1.4040 for the TP of 1.38850/1.3830
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