FxWirePro
Long

USD/CAD Short Term Outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
112 0 0
USD/CAD             has retreated after making a high of 1.2640 level. Short term trend is bullish as long as support 1.2540 (200 day HMA ) holds.

On the downside any break below 1.2540 will take the pair further down till 1.2500/1.2480.

The pair’s minor resistance is around 1.2620 and any break above would extend gains till 1.2660/ /1.27080 in short term.

Indicators (1 Hour chart)

Woodies CCI (14) - Neutral

Recommendation: Buy USD/CAD             around 1.2580, SL 1. 2538             , Target 1.2700.
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