•USD/CAD has formed a bottom at 1.2060 on Sep 8th 2017 and is slightly consolidating from that level. It is currently trading around 1.2197.
•On the higher side, near term resistance is around 1.2240 (Sep 14th 2017 high) and any break above will take the pair till 1.2333 (38.2% retracement of 1.2778 and 1.2060). The pair should break above 1.2430 for minor bearish invalidation.
•The near term support is around 1.21190 and any break below will drag the pair down to 1.20600/1.2000.
It is good to sell on rallies around 1.2235-1.2240 with SL around 1.2300 for the TP of 1.2060/1.2000.