USD/CAD: Buy above breakout

FX:USDCAD   U.S. Dollar / Canadian Dollar
291 1 7
Major Resistance – 1.3402

Major support – 1.3310 (200 day MA)

The pair has started to retreat once again after making a high of 1.3853 at the time of writing. It is currently trading around 1.33545.

Any break above 1.3402 will take the pair to next level around 1.3460/1.3500/1.3580 in short term.

On the lower side any break below 1.3310 will drag the pair down till 1.3280/1.3230.

Overall bullish invalidation only below 1.3150 level.

It is good to buy above 1.3402 with SL around 1.3345 for the TP of 1.3500/1.3580
that escalated quickly
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