USD/CAD faces strong support around 1.3550, good to buy at dips
USD/CAD has retreated till 1.3550 and slightly recovered from that level. It is currently trading around 1.3600.
Intraday trend is slight bullish as long as support 1.3550 holds. Any break below 1.3550 (9 day 4 H EMA) will drag the pair further down till 1.3500/1.3458.
On higher side major resistance is around 1.36225 and any break above will take the pair till 1.3651/1.3668
Overall bullish invalidation only below 1.3400.
It is good to buy at dips around 1.3590 with SL around 1.3545 for the TP of 1.3668/1.3700
Intraday trend is slight bullish as long as support 1.3550 holds. Any break below 1.3550 (9 day 4 H EMA) will drag the pair further down till 1.3500/1.3458.
On higher side major resistance is around 1.36225 and any break above will take the pair till 1.3651/1.3668
Overall bullish invalidation only below 1.3400.
It is good to buy at dips around 1.3590 with SL around 1.3545 for the TP of 1.3668/1.3700