Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CAD breaks major support 1.3560, good to sell on rallies

  • Major resistance -1.3620
     
  • The pair has broken major support 1.3560 and declined till 1.3504. It is currently trading around 1.35266.
     
  • Short term trend is weak as long as resistance 1.3625 holds.
     
  • Any break above 1.3625 will take the pair till 1.3700/1.3780. On the lower side any break below 1.3500 targets 1.3290/1.3257.
     
  • Overall trend reversal only above 1.3850.

It is good to sell on rallies around 1.3560 with SL around 1.3625 for the TP of 1.3450/1.3400

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.