Technicals

FxWirePro: Sell USD/CAD on rallies around 1.31620-650 with SL around 1.3190 for the TP of 1.3055

USD/CAD is facing strong trend line resistance around 1.3190 (trend line joining 1.3150 and 1.3176) and break above confirms further bullishness, a jump till 1.3210 cannot be ruled out . On the downside minor support is …

By Lis HowellAug 20, 2015, 9:46 AM UTC

Updated Aug 20, 2015, 9:47 AM UTC1 min read

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USD/CAD is facing strong trend line resistance around 1.3190 (trend line joining 1.3150 and 1.3176) and break above confirms further bullishness, a jump till 1.3210 cannot be ruled out .
On the downside minor support is at 1.3130 and break below will drag the pair further down till 1.3100/1.3050/1.3025.

It is good to sell on rallies around 1.31620-650 with SL around 1.3190 for the TP of 1.3055

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