USD/CAD has broken major support 1.2350 and this confirms short term weakness a decline till 1.11903 cannot be ruled out.
On the upside minor resistance is around 1.2320 and any break above could extend gains till 1.2350/1.2380.
The pair’s major support is around 1.2180 and break below will drag the pair further down till 1.11903.
Indicator (Daily chart)
CCI (50) - Sell
Woodies CCI (14) – Sell
Ichimoku- Sell
We prefer to sell USD/CAD around 1.2300 with stop around 1.2360 for the target of 1.1900.
On the upside minor resistance is around 1.2320 and any break above could extend gains till 1.2350/1.2380.
The pair’s major support is around 1.2180 and break below will drag the pair further down till 1.11903.
Indicator (Daily chart)
CCI (50) - Sell
Woodies CCI (14) – Sell
Ichimoku- Sell
We prefer to sell USD/CAD around 1.2300 with stop around 1.2360 for the target of 1.1900.