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- USD/CAD is approaching support level at 1.2614 (61.8% Retracement Level). The pair is set to reach 1.2650 and 1.2750 in the short term.
- The currency is trading at 1.2612 level, the immediate support can be seen at 1.2614 (61.8% Retracement level). A break below this level will expose the pair to next support level at 1.2561.
- Immediate resistance can be found at 1.2656, a break above this level will exposes it to the 1.2680 handle.
Recommendation: Go long above 1.2600 with Targets at 1.2650, 1.2700 SL 1.2500.
Resistance Levels
R2: 1.2668
R3: 1.2698 (23.6% Retracement Level)
Support Levels
S1: 1.2614 (61.8% Retracement level of 1.2447 to1.2800)
S2: 1.2561
S3: 1.2547
