FxWirePro: USD/CAD Faces Minor Resistance at 1.3000, Good to Sell on Rallies

FxWirePro: USD/CAD Faces Minor Resistance at 1.3000, Good to Sell on Rallies

• Minor resistance – 1.3000 
• Major trend reversal level- 1.3060 
• The pair has opened up at 1.29850 compared to previous close of 1.28110. It has jumped till 1.29896 at the time of writing. 
• It is currently trading around 1.28913. 
• The pair is slightly weak as long as resistance 1.3000 holds. 
• On the downside major support is around 1.2800 and break below targets 1.2740/1.2700/1.2672. 
• Loonie minor resistance is around 1.3000 and break above targets 1.3060.Any further  bullishness can be seen only above 1.3060.
  

It is good to sell on rallies around 1.2945-50 with SL around 1.3000 for the TP of 1.2815/1.2750

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