USD/CAD Has formed temporary top around 1.16724 and is declining from that level. Overall trend is bearish as long as resistance 1.16315 (Median line) holds.
The pair’s minor support is around 1.15580 and any indicative break below will take the pair to 1.1502/1.13980.
On the upside break of 1.16315 would extend gain to 1.16724/1.1690.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell USD/CAD around 1.1600, SL 1.1632,Target 1.1502
The pair’s minor support is around 1.15580 and any indicative break below will take the pair to 1.1502/1.13980.
On the upside break of 1.16315 would extend gain to 1.16724/1.1690.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
Recommendation: Sell USD/CAD around 1.1600, SL 1.1632,Target 1.1502