Ø RES 4: 1.2860
Ø RES 3: 1.2800
Ø RES 2: 1.2750
Ø RES 1: 1.2695
PRICE: 1.2653@ 05:55 GMT
Ø SUP 1: 1.2635 (20 day 4HMA)
Ø SUP 2: 1.2570
Ø SUP 3:1..2550
Ø SUP 4: 1.2480
USD/CAD has retreated after making a high of 1.2780 due to better than expected of Canada GDP numbers.But overall trend is till bullish due to weak oil price. It is good to buy at dips The pair's minor resistance is around 1.2860 and any break of would extend gains till 1.2900/1.3000.
On the downside major support is around 1.2636 and any break below will drag the pair further down till 1.2570/1. is good to buy at dips around 1.26500 for the target 1.2860 with stop around 1.2550.
