- USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.4160
- The pair’s major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms intraday weakness, a decline till 1.3370/1.3330 is possible.
- On the higher side minor resistance is around 1.3430 and any break above will target 1.3460/1.3480.
- Bearish invalidation only above 1.3460 level.
It is good to sell below 1.3403 with SL around 1.3435 for the TP of 1.3370/1.3320.
The material has been provided by InstaForex Company – www.instaforex.com