FxWirePro
Short

Loonie breaks minor support 1.328,decline till 1.318 is possibl

FX:USDCAD   U.S. Dollar/Canadian Dollar
451 1 9
USD/CAD             has declined till 1.3280 yesterday and slightly recovered from that level. It is currently trading at 1.3282.

Intraday trend is still weak as long as resistance 1.3325 holds. Any break above 1.3325 will take the pair to next target 1.3365/1.3387.

On the downside major support is around 1.3280 and any break below targets 1.3230/1.3180.

It is good to sell on rallies around 1.3290-95 with SL around 1.3325 for the TP of 1.3235/1.3180
Josphat89
a year ago
Its about time loonie decline in response to the bearish crab on the daily chart. Good analysis :)
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