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- RES 4 : 1.2440 (Jun 9th 2015)
- RES 3: 1.23950 (61.8% retracement of 1.25617 and 1.2126)
- RES 2: 1.2381 (Cloud top)
- RES 1: 1.2359 (Jun 15th high)
PRICE: 1.23769@ 11:26 GMT
- SUP 1 : 1.2350 ( 55 day H EMA)
- SUP 2: 1.2298 (200 day HMA)
- SUP 3: 1.2239 (61.8 % retracement of 1.21267 and 1.24220)
- SUP 4:1.2200
USD/CAD has broken trend line resistance 1.2385 and confirms short term bullishness, a decline till 1.2350 cannot be ruled out .
Break below 1.2350 will drag the pair further down till 1.2315/1.2270.
The short term resistance is around 1.2420 and break will extend gains till 1.248/1.2500.
It is good to buy at dips around 1.2380 with SL around 1.2345 for the TP of 1.2500/1.2540
