FxWirePro: USD/CAD faces strong resistance at 1.4000, good to buy at dips

• Minor resistance - 1.3900 (trend line joining 1.43255 and 1.41026)
   
• Major resistance -1.4000
   
• Major support - 1.3840 (trend line joining 1.3693 and 1.3780)
   
• The pair has broken minor resistance 1.3900 and jumped till 1.39980. It is currently trading around 1. above major resistance confirms major trend reversal , jump till 1.4100/1.414 is possible
   
• Overall trend is slightly bullish as long as support 1.3840 holds. Short term trend reversal only below 1.3880.
   
• Any break below 1.3880 will drag the pair down till 1.3840/1.3800.

It is good to buy at dips around 1.3940-45 with SL around 1.3880 for the TP of 1.3988/1.4080