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FxWirePro: Sell USD/CAD around 1.3780 with SL around 1.3855 for the TP of 1.3705/1.3635

  • Major Support - 1.3780 (Sep 9th 2015)
     
  • Loonie has broken major support 1.3780 and declined till 1.37621 at the time of writing. It is currently trading around 1.3765.
     
  • Any break below major support 1.3780 will drag the pair till 1.3700 (trend line joining 1.2830 and 1.36392)/1.3635.
     
  • On the higher side minor resistance is around 1.3850 and break above targets 1.3900/1.39600.
     
  • Overall bearish invalidation only if it closes above 1.4000.


It is good to sell around 1.3780 with SL around 1.3855 for the TP of 1.3705/1.3635

 

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