FxWirePro: USD/CAD rally capped at 1.4080, bullish bias intact
Loonie declined till 1.2950 and has started to recover from that level. The pair's major support is at 1.2940 which act as short term trend reversal level. Any break below 1.2940 will drag the pair further down till 1.29…
Loonie declined till 1.2950 and has started to recover from that level. The pair's major support is at 1.2940 which act as short term trend reversal level.
Any break below 1.2940 will drag the pair further down till 1.2900 /1.2840.
Overall trend reversal level -1.2840.
On the higher side minor resistance is around 1.3090 and any break above would extend gains till 1.3155/1.3200.
It is good to buy at dips around 1.3000 with SL around 1.2940 for the TP of 1.3200.
