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We prefer to go Long in USD/CAD

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
FxWirePro  
FX:USDCAD   U.S. Dollar / Canadian Dollar
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USD/CAD made a temporary top around 1.16724 and has retreated till 1.1558 (23.6% retracement of 1.1189 and 1.16724).

On the downside break below 1.15580 will take the pair to 1.1500/1.1430 in short term.
The break of temporary top around 1.16724 would extend gain to 1.18730/1.20.

CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy

Recommendation: Buy USD/CAD around 1.1640, SL 1.140, Target 1.20.
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