- EURCAD is trading around channel pattern for the past three trading session. The major channel resistance 1.4105 and any break above will extend gains till 1.4190/1.425.
- CAD is trading weak against major pairs on account of weak crude oil prices.
- On the downside minor support is around 1.4050 and nay break below will target 1.4000/1.3980.
- Extreme weakness can be seen below 1.3980.
It is good to buy at dips around 1.4040 with SL around 1.3980, TP of 1.4240.
The material has been provided by InstaForex Company – www.instaforex.com