- USD/CAD has recovered after making a low of 1.23032. Overall trend is bullish as long as support 1.2270 is intact.
- Break below 1.2270 will drag the pair further down till 1.2200/1.2160 in short term.
- On the higher side resistance is around 1.2360 and any indicative break above would extend gains till 1.2400/1.2420.
It is good to buy at declines around 1.2320 with SL around 1.2270 for the TP of 1.2420.
The material has been provided by InstaForex Company – www.instaforex.com