USD/CAD D1 Technical July 08

Pair is in bullish mood. Support is around 1.0555 level. If USD/CAD manage to hold its support level and H4 candle closure above 1.0555 then par will continue its uppish trend. Pair is expected to target 1.0660 level in this week. On W1 chart 1.0660 level is a strong resistance level pair can get a strong pull back from this are. So, pair action on this level should be carefully watch. If pair get a pull back and H4 candle closure below 1.0650 level the it will provide a valid sell entry point with stop loss just located above 1.0685 and take profit at 1.0400 level.

High impact news can affect the trend of USD/CAD. News like Building Permits m/m.

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