USD/CAD faces strong resistance around 1.2360, break above targets 1.2440 level

• RES 4: 1.2440
  
  
• RES 3:   1.23950 (61.8% retracement of 1.25617 and 1.2126)
  
  
• RES 2: 1.2381 (Cloud top)
  
  
• RES 1: 1.2359 (Jun 15^th high)

 PRICE:  1.23385 @ 12:09 GMT 

• SUP 1: 1.2314 (7 day  4 H EMA)
  
  
• SUP 2: 1.2274 (200 day 4HMA)
  
  
• SUP 3: 1.2239 (Kijun -Sen)
  
  
• SUP 4:1..2200

USD/CAD has recovered till 1.23459 after making a low of 1.2126. Overall trend is bullish as long as support 1.2315 holds.

On the downside any break below 1.2315 will drag the pair further down till 1.2270/1.2.

It is good to buy at dips around 1.2320-25 for the target 1.2420 with stop around 1.2270.