USD/CAD trades below major support 1.3290, targets 1.3160
Potential Reversal Zone (PRZ) - 1.3290
Loonie has broken major support 1.3290 and declined till 1.3250 level. Overall trend is bearish as long as resistance 1.3300 holds.
Any break above 1.3300 will take the pair to next level 1.3350/1.3370.
Overall bearish invalidation only above 1.3370 level.
On the lower side USD/CAD has made a low of 1.3250 at the time of writing will be acting as minor support and break below targets 1.3220/1.3160.
The pair’s minor support is around 1.3280.
It is good to sell on rallies around 1.3265-70 with SL around 1.3300 for the TP of 1.3160
Loonie has broken major support 1.3290 and declined till 1.3250 level. Overall trend is bearish as long as resistance 1.3300 holds.
Any break above 1.3300 will take the pair to next level 1.3350/1.3370.
Overall bearish invalidation only above 1.3370 level.
On the lower side USD/CAD has made a low of 1.3250 at the time of writing will be acting as minor support and break below targets 1.3220/1.3160.
The pair’s minor support is around 1.3280.
It is good to sell on rallies around 1.3265-70 with SL around 1.3300 for the TP of 1.3160