USD/CAD Trade Idea

• 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