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- Candle Stick pattern - Shooting Star
- Major resistance - 1.3460 (55 day 4H EMA)
- USD/CAD has made a high of 1.34461 at the time of writing and started to decline from that level. Short term trend is still weak as long as resistance 1.3460 holds.
- Any break above 1.3460 will take the pair to next level till 1.3498/1.3587.
- On the lower side major support is around 1.3370 and break below targets 1.3300/1.3260.
It is good to sell on rallies around 1.3400-1.3405 with SL around 1.3460 for the TP of 1.3260
R1-1.3460
R2-1.3498
R3-1.3580
Support
S1-1.3370
S2-1.3300
S3-1.3260
