FxWirePro:USD/CAD trade idea

• Major resistance – 1.3260 (89- day EMA)
   
• Major support -1.31900
   
• Loonie jumped slightly after making a low of 1.31918. It is currently trading around 1.32314.
   
• USD/CAD upside capped by 89- day EMA and any break above will take the pair to next level 1.332 (Jan 5th 2017 high)/1.334 (38.2% retracement of 1.35985 and 1.31782)/1.3400.
   
• On the lower side, major support stands at 1.3180 and any violation below will drag the pair down till 1.3095 (200- day MA).

It is good to sell on rallies around 1.3220-1.32205 with SL around 1.3260 for the TP of 1.3175/1.3150

Resistance                                                                                

R1-1.3260

R2-1.3340

R3- 1.3400

Support      

S1-1.3175

S2-1.3150

S3- 1.3095