Major resistance – 1.32150 (Feb 7th high) Major intraday Support – 1.30880 (50% retracement of 1.29650 and 1.32122). Lonnie recovered from the low of 1.30890 made yesterday and jumped till 1.31580 level. It is currently …
Major intraday Support – 1.30880 (50% retracement of 1.29650 and 1.32122).
Lonnie recovered from the low of 1.30890 made yesterday and jumped till 1.31580 level. It is currently trading around 1.31537.
The minor intraday resistance for the pair is around 1.3160 and any break above will take the USD/CAD till 1.3215/1.3230 (61.8% fibo of 1.33875 and 1.2965).
On the lower side, any break below 1.30880 will drag the pair down till 1.30500/1.3000. The pair should break below 1.29650 for further weakness.
It is good to sell on rallies around 1.3155-1.3160 with SL around 1.32150 for the TP of 1.30880/1.3050
