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FxWirePro: USD/CAD faces strong resistance around 1.3380, good to sell on rallies

Loonie has made a low of 1.3280 and recovered from that level .it is currently trading around 1.3305. Overall trend is still bullish as long as resistance 1.3380 holds.

  • On the higher side minor resistance is around 1.3340 and break above targets 1.3380/1.3435.
     
  • The pair's support is around 1.3280 and below that decline till 1.3240/1.3220 is possible.

It is good to sell on rallies around 1.3350 with SL around 1.3380 for the TP of 1.3280/1.3245.  

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