- USD/CAD has formed shooting star candlestick pattern in daily chart and is also struggling to break above 1.2780 level. Any further bullishness can be seen only above that level.
- On the downside minor support is around 1.2680 and break will take the pair to next level 1.2635/1.2541.
- The break of major resistance 1.2780 would extend gains till 1.2820/1.2835.
- The pair’s minor resistance is around 1.2750.
It is good to sell on rallies around 1.2740 with SL around 1.2780 for the TP of 1.2635/1.2540
The material has been provided by InstaForex Company – www.instaforex.com