USDCAD is looking to target 1.2200 level and mostly traders will look to sell it just above 1.2400 level for a nice intra-day trade. RSI is at 45 and don't seemed to play much part in USDCAD movement at the moment. Break of 1.2200 level will setup 1.2000 as next target but 1.2200 is a strong level and we might see a rise from that level.
Recommended Trade Levels
Trade: Sell USDCAD @ 1.2420
Stop: 1.2470
Profit Target 1: 1.2330
Profit Target 2: 1.2260
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