USD/CAD forms bullish BAT pattern, good to buy at dips
Harmonic Pattern – Bullish BAT Pattern
Potential Reversal Zone (PRZ)- 1.2970
On the lower side any break below 1.2970 will drag the pair further down till 1.2930/1.2900/1.2850.
The minor support is around 1.3000.
The pair’s resistance is at 1.3050 and any break above will extend gains till 1.3150/1.3200.
Major economic Indicators to be released today
Time (GMT) Indicators
12:30 PM US CPI
6:00 PM US FOMC Meeting minutes
It is good to buy at dips around 1.2980 with SL around 1.2930 for the TP of 1.3075/1.3130
Potential Reversal Zone (PRZ)- 1.2970
On the lower side any break below 1.2970 will drag the pair further down till 1.2930/1.2900/1.2850.
The minor support is around 1.3000.
The pair’s resistance is at 1.3050 and any break above will extend gains till 1.3150/1.3200.
Major economic Indicators to be released today
Time (GMT) Indicators
12:30 PM US CPI
6:00 PM US FOMC Meeting minutes
It is good to buy at dips around 1.2980 with SL around 1.2930 for the TP of 1.3075/1.3130