USD/CAD breaks trend line support at 1.2295, good to sell on rallies

•  RES 4:   1.23950 (61.8% retracement of 1.25617 and 1.2126)
  
  
•   RES 2: 1.2381 (Cloud top)
  
  
•   RES 2: 1.2359 (Jun 15^th 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.