FxWirePro
Long

Loonie breaks major trend line resistance 1.3200, targets 1.3310

FX:USDCAD   U.S. Dollar / Canadian Dollar
223 0 4
USD/CAD             has been trading in the range of 1.3195 -1.3023 for the past five trading session.

Loonie has broken major trend line resistance 1.3200 and this confirms short term bullishness, a jump till 1.3370 (161.8% retracement of 1.3212 and 1.2950) cannot be ruled out .

On the lower side minor support is around 1.3150 and break below targets 1.3100/1.3050.

Major trend reversal only below 1.3050 .Any break below confirms bearishness and decline till 1.2950 is possible .

It is goo t obuy at dips around 1.3215-18 with SL around 1.3170 for the TP of 1.3310/1.3374
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out