USD/CAD has made a high of 1.16658 and is declining from that level. Overall trend is weak as long as resistance 1.16725(Dec 15th high).
The pair's minor support is around 1.15580 and any indicative break below will take the pair to 1.1502/1.13980.
On the upside break of 1.16315 would extend gain to 1.16724/1.1690.
Indicators (1 Hour chart)
CCI (50) – Sell
CCI (14) – Sell
We prefer to Sell USD/CAD around 1.1600, SL 1.1632, Target 1.1502.
The material has been provided by InstaForex Company – www.instaforex.com