- USD/CAD has slightly recovered till 1.2130 and currently trading around 1.2090. Intraday bullishness can be seen if it closes above 1.2130 (200 day 15 min MA).
- Any indicative break above would extend gains till 1.2180/1.2205.
- On the downside minor support is around 1.2080 and break below will drag the pair further down till 1.2050/1.1995.
Indicator (15 min chart)
CCI (50) – Sell
CCI (14) – Sell
Ichimoku- Sell
It is good to sell on rallies around 1.2100 for the target of 1.1995 with stop around 1.2135.
The material has been provided by InstaForex Company – www.instaforex.com