- broken major trend line resistance around at 83.05 (trend line joining 83.74 and 83.48) and jumped till 83.12. It is currently trading around 83.01.
- Canadian dollar trades higher against all majors on account of hawkish BOC.
- Technically in the hourly chart, the pair is trading well above Tenkan-Sen (82.85) and Kijun-Sen (82.26). Intraday weakness can be seen only below 81.85 (200- H MA).
- On the higher side, any break above trend line resistance will take the pair till 84.20 (Mar 31st 2017 high)/84.80.
It is good to buy on dips around 83 with SL around 82.25 for the TP of 84.20/84.80.
