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FxWirePro: USD/CAD forms bullish BAT pattern, good to buy at dips

Harmonic Pattern - Bullish BAT Pattern

Potential Reversal Zone (PRZ)- 1.2970

  • On the lower side any break below 1.2970 will drag the pair further down till 1.2930/1.2900/1.2850.
  • The minor support is around 1.3000.
  • The pair's resistance is at 1.3050 and any break above will extend gains till 1.3150/1.3200.
     
  • Major economic Indicators to be released today

Time (GMT)             Indicators

12:30 PM                 US CPI

6:00 PM                   US FOMC Meeting minutes                     

It is good to buy at dips around 1.2980 with SL around 1.2930 for the TP of 1.3075/1.3130.

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