USD/CAD trades well below major trend line support,targets 1.295
USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and declined till 1.3064. It is currently trading at 1.3078 level.
Intraday trend is still weak as long as resistance 1.3101 holds. Any break above 1.3101 will take the pair to next target 1.31265/1.3140.
On the downside major support is around 1.3060 and any break below targets 1.3000/1.2950.
It is good to sell on rallies around 1.3080-85 with SL around 1.3126 for the TP of 1.3000/1.2950
Intraday trend is still weak as long as resistance 1.3101 holds. Any break above 1.3101 will take the pair to next target 1.31265/1.3140.
On the downside major support is around 1.3060 and any break below targets 1.3000/1.2950.
It is good to sell on rallies around 1.3080-85 with SL around 1.3126 for the TP of 1.3000/1.2950