FxWirePro
Long

Loonie breaks short term trend line resistance,targets 1.2500

FX:USDCAD   U.S. Dollar/Canadian Dollar
277 1 8
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
TahirAli
a year ago
Excellent analysis.I will buy a dip @1.2350.
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