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- Loonie has made a high of 1.3074 yesterday and started to decline from that level. Short term trend is still weak as long as resistance 1.3050 holds.
- On the downside major support is around 1.2970 and any break below targets 1.2940/1.2900 in short term.
- The pair's minor resistance is around 1.3000/1.3020.
- The major resistance is around 1.3085 and break above targets 1.3156/1.3200.
It is good to sell on rallies around 1.2980-85 with SL around 1.3020 for the TP of 1.2940/1.2900
