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USD/CAD has retreated till 1.3550 and slightly recovered from that level. It is currently trading around 1.3600.
- Intraday trend is slight bullish as long as support 1.3550 holds. Any break below 1.3550 (9 day 4 H EMA) will drag the pair further down till 1.3500/1.3458.
- On higher side major resistance is around 1.36225 and any break above will take the pair till 1.3651/1.3668
- Overall bullish invalidation only below 1.3400.
It is good to buy at dips around 1.3590 with SL around 1.3545 for the TP of 1.3668/1.3700
R1-1.36225
R2-1.3668
R3-1.3700
Support
S1- 1.3545
S2-1.3500
S3-1.3450
