Fxwirepro: Usd/cad Key Support at 1.3228, Buy Deals are recommended Above 1.3230

  • The currency pair is trading at 1.3251 levels, it is expected to reach 1.3280 levels and 1.3320 levels in the short term.
  • The immediate support can be seen at 1.3228 (38.2% Retracement level), break below this level will expose the pair to next support level at 1.3188.
  • Major resistance can be seen at 1.3285, break above this level will expose it towards 1.3325 (Sep 2nd) levels.

Recommendation: Go long above 1.3210 with targets at 1.3260, 1.3300 SL 1.3100.

Resistance Levels

R1: 1.3275 (23.6% Retracement level)

R2: 1.3285(Sep 8th high)

R3: 1.3325 (Sep 2nd)

Support Levels

S1: 1.3228 (38.2% Retracement level)    

S2: 1.3188 (50% Retracement level)        

S3: 1.3150(61.8% Retracement level)

The material has been provided by InstaForex Company – www.instaforex.com