USD/CAD faces strong support at 1.3980, break below targets 1.3885
Major Support: 1.3980 (trend line joining 1.4044 and 1.4028) Minor intraday resistance -1.4040 (20 day HMA) Any break below 1.3980 will drag the pair down till 1.3900/1.38850/1.3830. On the higher side major resistance i…
Major Support: 1.3980 (trend line joining 1.4044 and 1.4028)
Minor intraday resistance -1.4040 (20 day HMA)
Any break below 1.3980 will drag the pair down till 1.3900/1.38850/1.3830. On the higher side major resistance is around 1.4040 and break above will take the pair till next level till 1.4082/1.4100/1.4150.
Short term bullishness only above 1.4082 level.
It is good to sell below 1.3980 with SL around 1.4040 for the TP of 1.38850/1.3830
