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USD/CAD trade Idea

Tuesday, September 8, 2015 11:07 AM UTC

USD/CAD has broken short term trend line resistance 1.3280 and jumped till 1.3309 level. It is currently trading around 1.3249
The pair's minor resistance is around 1.3350 and any break above targets 1.3490 in short term.
Intraday weakness only below 1.3240 level.
Below 1.3240 it will target 1.3160/1.3130.

It is good to buy at dips around 1.3240 with SL around 1.3190 for the TP of 1.3350/1.3480

Resistance

R1- 1.3310

R2-1.3350

R3- 1.3480

Support

S1-1.3240

S2-1.3160

S3-1.3120

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USD/CAD trade Idea

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