Description
⋅ Pattern Formed- Bearish BAT pattern
USD/CAD once again retreated after making high of 1.2625. Overall trend is bearish as long as resistance 1.2663 holds.
On the downside minor support is around 1.2540 and nay break below will target 1.2480/1.2420.
The pair’s break above the resistance 1.2663 could pave way for 1.2700/1.2795.
Recommendation: Sell USD/CAD around 1.2580, SL 1.2663, Targets 1.2480/1.2420.