, decline till 1.2350 is expected - EconoTimes)
- RES 4: 1.2635
- RES 3: 1.2582 (200 day Hourly EMA)
- RES 2: 1.2520
- RES 1: 1.2474 (Kijun-Sen)
PRICE: 1.2424 @11:23 GMT
- SUP 1: 1.2400
- SUP 2: 1.2380
- SUP 3: 1.2350 (Feb 3rd Low)
- SUP 4: 1.23000
Commentary
USD/CAD is trading around 1.2427 and major support is around 1.2350 any break below that level will drag the pair further down till 1.2300/1.2200 (50% retracement of 1.1565 and 1.2835).
On the upside intraday bullishness can be seen only above 1.2490. It is good to sell on rallies around 1.2440 for the target of 1.2360 .
