USDCAD - Intraday - We look to Sell at 1.3520 (stop at 1.3555)
3 negative daily performances in succession. Broken out of the channel formation to the downside. Bespoke resistance is located at 1.3250. The previous swing low is located at 1.3501. Preferred trade is to sell into rallies. Reverse trend line resistance comes in at 1.3532.
Our profit targets will be 1.3310 and 1.3250
Resistance: 1.3501 / 1.3520 / 1.3532
Support: 1.3357 / 1.3310 / 1.3250
3 negative daily performances in succession. Broken out of the channel formation to the downside. Bespoke resistance is located at 1.3250. The previous swing low is located at 1.3501. Preferred trade is to sell into rallies. Reverse trend line resistance comes in at 1.3532.
Our profit targets will be 1.3310 and 1.3250
Resistance: 1.3501 / 1.3520 / 1.3532
Support: 1.3357 / 1.3310 / 1.3250
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