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- EUR/CAD upside halts by stiff trendline resistance at 1.4665, bias higher.
- The pair has broken major resistance by 20-DMA at 1.4560, and is on track to test 200-day MA at 1.4746.
- Some weakness is seen on intraday charts, but downside finds strong support by 20-DMA at 1.4560, weakness only on break below.
- Data released earlier today showed Germany Markit manufacturing PMI came in above forecasts at 53.6 in August (consensus 53.5).
Recommendation: Good to buy dips around 1.46, SL: 1.4560, TP: 1.4670/ 1.47/ 1.4745
