FxWirepro:USD/CAD takes support near 1.3000 level, good to sell on rallies
Major resistance- 1.3125 (daily Tenken-Sen). Major support - 1.3043 (hourly Kijun-Sen). Lonnie has taken support near psychological support at 1.30000 and slightly recovered till 1.30750. The major intraday support is at…
Lonnie has taken support near psychological support at 1.30000 and slightly recovered till 1.30750.
The major intraday support is at 1.3043 and any break below targets 1.3000/1.2948 (161.8% retracement of 1.3000 and 1.30750).
On the higher side , resistance is at 1.3090 (38.2% retracement of 1.32370 and 1.3003) and nay break above will take the pair to next level till 1.3125/1.3154 (200- HMA).
Overall trend reversal only above 1.32540 (Jul 27th 2016 low).
It is good to sell on rallies around 1.30600 with SL around 1.30950 for the TP of 1.3000
