Loonie forms shooting star,slight decline till 1.3278 is possibl
Candle stick pattern formed - Shooting star
USD/CAD breaks temporary top formed around 1.34335 and jumped till 1.34654 yesterday. The pair has not able hold at higher levels and heavy selling pressure dragged the loonie down below 1.3400 level.
Loonie formed shooting star in the daily chart , s a slight decline till 1.3278 is possible.
Short term trend reversal is possible only below 1.3275 level.
Any break below 1.3275 targets 1.3000 level.
Overall trend reversal only below 1.3000
It is good to sell on rallies around 1.3400-3405 with SL around 1.3466 for the TP of 1.3350/1.3278
USD/CAD breaks temporary top formed around 1.34335 and jumped till 1.34654 yesterday. The pair has not able hold at higher levels and heavy selling pressure dragged the loonie down below 1.3400 level.
Loonie formed shooting star in the daily chart , s a slight decline till 1.3278 is possible.
Short term trend reversal is possible only below 1.3275 level.
Any break below 1.3275 targets 1.3000 level.
Overall trend reversal only below 1.3000
It is good to sell on rallies around 1.3400-3405 with SL around 1.3466 for the TP of 1.3350/1.3278