Major intraday Resistance – 1.25850 (trend line joining 1.27781 and 1.26910). The pair shown a minor recovery from the low of 1.25477 yesterday on account of slight dip in crude oil prices. Short term trend is still as l…
Major intraday Resistance – 1.25850 (trend line joining 1.27781 and 1.26910).
The pair shown a minor recovery from the low of 1.25477 yesterday on account of slight dip in crude oil prices. Short term trend is still as long as resistance 1.26910 holds.
Loonie declining slightly after hitting high of 1.25815 at the time of writing and is currently trading around 1.25738.
Crude oil recovered slightly after hitting low of $47.01 on account of supply tightening especially in U.S. U.S crude oil stocks has been continuously falling for past few weeks.
On the lower side, near term support is around 1.2550 and any convincing break below will drag the pair down till 1.2500/1.2430.
It is good to sell on rallies around 1.2605-1.2610 with SL around 1.2655 for the TP of 1.2545/1.2500
