FxWirePro: USD/CAD forms temporary top around 1.400, good to sell on rallies
Loonie has formed temporary top around 1.4000 and started to decline from that level. It is currently trading around 1.38655. Short term trend is still weak as long as resistance 1.4000 holds. Any break above 1.4000 will…
Loonie has formed temporary top around 1.4000 and started to decline from that level. It is currently trading around 1.38655. Short term trend is still weak as long as resistance 1.4000 holds.
Any break above 1.4000 will take the pair to next level around 1.4116.
On the downside major support is around 1.3725 and break below targets 1.3670/1.3600/1.35000.
It is good to sell on rallies around 1.3935-40 with SL around 1.4025 for the TP of 1.3725/1.3670
