Loonie breaks major support 1.200,decline till 1.1900 is possibl

USD/CAD has broken major support 1.2000 which confirms short term weakness, a decline till 1.1900 cannot be ruled out.

Intraday bullishness can be seen only above 1.2030 and any break above will take the pair further up till 1.2080/1.2130 level.

Overall trend reversal only above 1.21600

Indicator (1 Hours chart)

CCI (50) - Sell

CCI (14) – Sell

Ichimoku- Sell

It is good to Sell on rallies around 1.1990 for the target of 1.1900 with stop around 1.203.