Guys, USD/CAD suggested trade meets Take Profit Level @1.3169. Earlier, I suggested that it is trading just below a strong resistance level of 1.3270 and consolidates in a trading range of 1.3270 – 1.3170 as we can see in the trading chart given below.

The pair breaks below trading range and guys I will wait for the pull back up to 1.3145 to reenter a Sell in the market,

Fundamentals:

CAD: We don’t have any fundamental from CAD, but we need to monitor the US fundamentals to trade USDCAD today.

USD:
Wholesale Inventories 12:30
Gross Domestic Product (Annualized) 12:30
Continuing Claims 12:30
Fed’s Lockhart Speaks 12:50
Pending Home Sales (YoY) 14:00
Technical Levels:

R3: 1.3527
R2: 1.3334
R1: 1.3206
Pivot Point: 1.3140
S1: 1.3012
S2: 1.2947
S3: 1.2756

Recommendation:

Good to Sell Below 1.3146
SL: 1.3175 TP: 1.3098

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