USD/CAD Trade Idea

USD/CAD has retreated till 1.3550 and slightly recovered from that level. It is currently trading around 1.3600.

• Intraday trend is slight bullish as long as support 1.3550 holds. Any break below 1.3550 (9 day 4 H EMA) will drag the pair further down till 1.3500/1.3458.
   
• On higher side major resistance is around 1.36225 and any break above will take the pair till 1.3651/1.3668
   
• Overall bullish invalidation only below 1.3400.

It is good to buy at dips around 1.3590 with SL around 1.3545 for the TP of 1.3668/1.3700

R1-1.36225

 R2-1.3668

R3-1.3700

Support

S1- 1.3545

S2-1.3500

S3-1.3450