RES 4: 1.2860
RES 3: 1.2800
RES 2: 1.2750
RES 1: 1.2695
PRICE: 1.2653@ 05:55 GMT
SUP 1: 1.2635 (20 day 4HMA)
SUP 2: 1.2570
SUP 3:1..2550
SUP 4: 1.2480
USD/CAD has retreated after making a high of 1.2780 due to better than expected of Canada GDP numbers.But overall trend is till bullish due to weak oil price. It is good to buy at dips The pair’s minor resistance is around 1.2860 and any break of would extend gains till 1.2900/1.3000.
On the downside major support is around 1.2636 and any break below will drag the pair further down till 1.2570/1.2550.It is good to buy at dips around 1.26500 for the target 1.2860 with stop around 1.2550.
RES 3: 1.2800
RES 2: 1.2750
RES 1: 1.2695
PRICE: 1.2653@ 05:55 GMT
SUP 1: 1.2635 (20 day 4HMA)
SUP 2: 1.2570
SUP 3:1..2550
SUP 4: 1.2480
USD/CAD has retreated after making a high of 1.2780 due to better than expected of Canada GDP numbers.But overall trend is till bullish due to weak oil price. It is good to buy at dips The pair’s minor resistance is around 1.2860 and any break of would extend gains till 1.2900/1.3000.
On the downside major support is around 1.2636 and any break below will drag the pair further down till 1.2570/1.2550.It is good to buy at dips around 1.26500 for the target 1.2860 with stop around 1.2550.