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- USD/CAD has made a high of 1.34570 and declined from that level. It is currently trading at 1.3160
- The pair's major intraday support is around 1.3403 (trend line joining 1.3172 and 1.3330) and any break below confirms intraday weakness, a decline till 1.3370/1.3330 is possible.
- On the higher side minor resistance is around 1.3430 and any break above will target 1.3460/1.3480.
- Bearish invalidation only above 1.3460 level.
It is good to sell below 1.3403 with SL around 1.3435 for the TP of 1.3370/1.3320.
Resistance
R1- 1.3430
R2-1.3460
R3- 1.3485
Support
S1-1.3403
S2-1.3370
S3-1.3320
