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USD/CAD breaks minor support 1.3280, decline till 1.3180 is possible

  • USD/CAD has declined till 1.3280 yesterday and slightly recovered from that level. It is currently trading at 1.3282.

  • Intraday trend is still weak as long as resistance 1.3325 holds. Any break above 1.3325 will take the pair to next target 1.3365/1.3387.

  • On the downside major support is around 1.3280 and any break below targets 1.3230/1.3180.

It is good to sell on rallies around 1.3290-95 with SL around 1.3325 for the TP of 1.3235/1.3180

 

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