Trading recommendations:
- According to the previous events, the USD/CAD pair is still moving between 1.1185 and 1.1140.
- Sell below 1.1203 with the first target at 1.1165, then it will be gone towards 1.1125 in order to test this strong support.
- Buy above 1.1120 (if the trend fails to close below it) with target at 1.1155, then at the price of 1.1200.
- Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
- Key level is at 1.1120.
- History will probably repeat itself at this level again.
Intraday technical levels:
- Projected high:1,1355
- Breakout (buy stop):1,1300
- Strong resistance (sell limit):1,1270
- Current pivot:1,1144
- Strong support (buy limit):1,1018
- Breakout (sell stop):1,0993
- Projected low:1,0943
