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- RES 4: 1.23950 (61.8% retracement of 1.25617 and 1.2126)
- RES 2: 1.2381 (Cloud top)
- RES 2: 1.2359 (Jun 15th high)
- RES 1: 1.2329 (Kijun-Sen)
PRICE: 1.23053 @ 11:37 GMT
- SUP 1: 1.2307 (7 day 4 H EMA)
- SUP 2: 1.2280 (200 day 4HMA)
- SUP 3: 1.2254 (Kijun -Sen)
- SUP 3:1..2200
USD/CAD has recovered till 1.23815 after making a low of 1.2126. Overall trend is bearish as long as resistance 1.2040 holds.
On the downside any break below 1.2280 will drag the pair further down till 1.2250/1.2200.
It is good to sell on rallies around 1.2340 for the target 1.2200 with stop around 1.2400.
