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- Loonie declined till 1.2950 and has started to recover from that level. The pair's major support is at 1.2940 which act as short term trend reversal level.
- Any break below 1.2940 will drag the pair further down till 1.2900 /1.2840.
- Overall trend reversal level -1.2840.
- On the higher side minor resistance is around 1.3090 and any break above would extend gains till 1.3155/1.3200.
It is good to buy at dips around 1.3000 with SL around 1.2940 for the TP of 1.3200.
