USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and declined till 1.3064. It is currently trading at 1.3078 level.
- Intraday trend is still weak as long as resistance 1.3101 holds. Any break above 1.3101 will take the pair to next target 1.31265/1.3140.
- On the downside major support is around 1.3060 and any break below targets 1.3000/1.2950.
It is good to sell on rallies around 1.3080-85 with SL around 1.3126 for the TP of 1.3000/1.2950
Resistance
R1- 1.3101
R2-1.3125
R3- 1.3140
Support
S1-1.3060
S2-1.3000
S3-1.2950
