Get started
FxWirePro

Loonie breaks short term trend line resistance,targets 1.2500

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FxWirePro  
FX:USDCAD   U.S. Dollar / Canadian Dollar
8
1
USD/CAD has broken trend line resistance 1.2385 and confirms short term bullishness , a decline till 1.2350 cannot be ruled out .

Break below 1.2350 will drag the pair further down till 1.2315/1.2270.

The short term resistance is around 1.2420 and break will extend gains till 1.248/1.2500.

It is good to buy at dips around 1.2380 with SL around 1.2345 for the TP of 1.2500/1.2540
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.