- USD/CAD is trading in narrow range around 1.2160 and 1.2000. Short-term trend is bullish as long as support 1.2000 holds.
- The pair’s minor resistance is around 1.2160 and break above would extend gains till 1.2200.
- The break below 1.2000 will target 1.1900 level.
Indicator (1 hour chart)
CCI (50) – Buy
CCI (14) – Buy
Ichimoku- Buy
It is good to buy at dips around 1.2060 with stop around 1.2000 for the target of 1.2160/1.2200.
The material has been provided by InstaForex Company – www.instaforex.com