USD/CAD Trade Idea

• Major Intraday support -1.3100 (trend line joining 1.2857 and 1.30024)
   
• The pair has retreated after making a high of 1.32186. It is currently trading around  1.31469.
   
• Intraday trend is slightly bullish as long as support 1.3100 holds. Any break below 1.3100 will drag the pair down till 1.3060/1.3000.
   
• On the higher side major resistance is around 1.3150 and break above targets 1.3220/1.3280/1.3310.
   
• Overall bearish invalidation can happen if it closes above 1.3400.

It is good to buy at dips around 1.3145-1.3150 with SL around 1.3100 for the TP of 1.3215/1.3270/1.3300.

R1-1.3220

 R2-1.3270

R3-1.3310

Support

S1-1.310

S2-1.3070

S3-1.3000