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Potential Reversal Zone (PRZ)- 1.3150
- Loonie has made a high of 1.3352 on Tuesday and declined till 1.3166 from that level. It is currently trading at 1.3240. It has almost formed a double top around 1.335 and not able to cross above that level.
- Any break above 1.3350 will take the pair to new level 1.3880.
- The pair's minor resistance is around 1.3300
- On the downside major support is around 1.3150 and break below targets 1.3055.
- Bullish invalidation only below 1.3050.
It is good to buy at dips around 1.3200 with SL around 1.3150 for the TP of 1.3295/1.3350
