FxWirePro: USD/CAD recovers from the low of 1.3128, good to buy on dips
Major resistance- 1.3190 (Sep 13th high). Major support – 1.3130 (hourly Kijun-Sen). Loonie has recovered after declining till 1.3128 at the time of writing. It is currently trading around 1.31694. Short term trend is li…
Loonie has recovered after declining till 1.3128 at the time of writing. It is currently trading around 1.31694.
Short term trend is lightly bullish as long as support 1.3130 holds. Any break below 1.3130 will drag the pair down till 1.3100/1.3070/1.3040 (100- HMA).
On the higher side, any break above 1.3190 will take the pair to next level till 1.3240/1.3300.
It is good to buy on dips around 1.3160 with SL around 1.3100 for the TP of 1.3240/1.3300.
