USD/CAD trades below 1.3000, targets 1.2925/1.2880
Major Intraday resistance – 1.3057 (Hourly Kijun-Sen)
Major support – 1.2990 (Yesterday Low)
Lonnie has retreated after making a high of 1.31240 and declined from that level. It is currently trading around 1.29939.
Short term trend is slightly bearish as long as resistance 1.3060 holds.
On the higher side, major intraday resistance is around 1.3060 and any break above targets 1.3100/1.3125 (Jun 28th high).
The major support is around 1.2990 any violation below 1.2990 will drag the pair down till 1.2960 (90 H EMA)/1.2920/1.2888 (daily Kijun-Sen).
It is good to sell on rallies around 1.29925-1.29950 with SL around 1.3060 for the TP of 1.2925/1.2885.
Major support – 1.2990 (Yesterday Low)
Lonnie has retreated after making a high of 1.31240 and declined from that level. It is currently trading around 1.29939.
Short term trend is slightly bearish as long as resistance 1.3060 holds.
On the higher side, major intraday resistance is around 1.3060 and any break above targets 1.3100/1.3125 (Jun 28th high).
The major support is around 1.2990 any violation below 1.2990 will drag the pair down till 1.2960 (90 H EMA)/1.2920/1.2888 (daily Kijun-Sen).
It is good to sell on rallies around 1.29925-1.29950 with SL around 1.3060 for the TP of 1.2925/1.2885.