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USDCAD breaks minor trend line resistance around 1.3920, targets 1.4115

Monday, January 4, 2016 8:10 AM UTC

Major resistance -1.3920 (trend line joining 1.40018 and 1.3939)
The pair has broken trend line resistance 1.3920 and jumped till 1.3935 at the time of writing. It is currently trading around 1.39320.
On the higher side any break above 1.3920 will take the pair to next level 1.3962/1.4117 in short term.
The minor support is around 1.3875 and break below targets 1.38500/1.3800.

It is good to buy at dips around 1.3920-25 with SL around 1.3875 for the TP of 1.4000/1.4115

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USDCAD breaks minor trend line resistance around 1.3920, targets 1.4115

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