- USD/CAD has made a low of 1.28321 and recovered from that level. It is currently trading at 1.28950
- Loonie is facing major short term trend line resistance around 1.2902 (trend line joining 1.3080 and 1.3015) and any break above confirms short term bullishness, jump till 1.2950/1.3020 in short term.
- On the downside minor support is around 1.2860 and any weakness can be seen only below that level. Break below 1.2860 targets 1.2830/1.2800
It is good to buy only above 1.2902 with SL around 1.2860 for the TP of 1.2980/1.3020
The material has been provided by InstaForex Company – www.instaforex.com