Loonie breaks major support 1.200,decline till 1.1900 is possibl
USD/CAD has broken major support 1.2000 which confirms short term weakness, a decline till 1.1900 cannot be ruled out.
Intraday bullishness can be seen only above 1.2030 and any break above will take the pair further up till 1.2080/1.2130 level.
Overall trend reversal only above 1.21600
Indicator (1 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
It is good to Sell on rallies around 1.1990 for the target of 1.1900 with stop around 1.203.
Intraday bullishness can be seen only above 1.2030 and any break above will take the pair further up till 1.2080/1.2130 level.
Overall trend reversal only above 1.21600
Indicator (1 Hours chart)
CCI (50) - Sell
CCI (14) – Sell
Ichimoku- Sell
It is good to Sell on rallies around 1.1990 for the target of 1.1900 with stop around 1.203.