Downside target for USD/CAD
USD/CAD has made an immense move to the downside on Tuesday falling by about 200 pips.
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Technical levels: support – 1.1750, 1.1680; resistance – 1.1825, 1.1880.
Trade recommendations:
- Buy — 1.1800; SL — 1.1680; TP1 — 1.1880; TP2 — 1.1920;
Reason: narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to positive zone.
Tatyana Norkina
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