USD/CAD Short Term Outlook
USD/CAD has broken major short term support 1.11830 (Oct 22nd low) and is expected to show free fall in the coming days.
On the downside break below 1.1180 will target 1.11350 (50% retracement of 1.08858 and 1.13842) and 1.108 (Oct 9th low).
Minor resistance is around 1.1207 (Kijun-Sen) and break above will target 1.1220/1.1254.
Recommendation: Sell USD/CAD around 1.11630-40, SL 1.1182, Target 1.1135/1.108.
On the downside break below 1.1180 will target 1.11350 (50% retracement of 1.08858 and 1.13842) and 1.108 (Oct 9th low).
Minor resistance is around 1.1207 (Kijun-Sen) and break above will target 1.1220/1.1254.
Recommendation: Sell USD/CAD around 1.11630-40, SL 1.1182, Target 1.1135/1.108.
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