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FxWirePro: USD/CAD eases slightly but trend is still bullish 
- USD/CAD has recovered mildly till 1.23789 yesterday and shown a minor decline from that level. The pair jumped till 1.23099 at the time of writing and is currently trading around 1.23234.
- NAFTA talks are going on positive after sixth round of talks happened in Monreal but progress is still slow said by US trade Representative Robert Lighthizer.
- US oil formed a temporary top almost a double top around $66.63 and started to decline from that level. The main reason for decline in oil price was slight recovery in US dollar. The commodity declined till $64.64 at the time of writing.
- Technically, major short term support is around 1.2280 and any break below will drag the pair till 1.2200.
- On the higher side, near term major resistance is around 1.2435 and any break above will take the pair to next level till 1.2480/1.2530. Minor bullishness only above 1.2600.
It is good to sell on rallies around 1.2405-41 with SL around 1.2465 for the TP of 1.2280/1.2200
