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USD/CAD faces strong resistance around 1.3175, targets 1.2980

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FxWirePro  
FX:USDCAD   U.S. Dollar / Canadian Dollar
7
0
USD/CAD has formed double top around 1.3175 and started retreating from that level. It has formed temporary top around 1.3175 and any further bullishness only above that level.

Any break of 1.3175 will extend gains till 1.3215.

On the downside minor support is around 1.3109 and any break below will target 1.3025/1.2980/1.2940.

Overall bullish invalidation only below 1.2840 level.

It is good to sell on rallies around 1.3110-112 with SL around 1.3155 for TP of 1.3025/1.2955.
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