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- Major resistance – 1.2860 (90 4H EMA)
- Loonie has broken major support at 1.2800 (21 4H MA) and declined till 1.27818. It is currently trading around 1.27823.
- Any break below 1.2800 will drag the pair down till 1.2740/1.2654 (Jun 8th low).
- On the higher side resistance is around 1.2860 any break above targets 1.2933/1.2953/1.3000.
- Overall bearish invalidation only above 1.30850.
It is good to sell on rallies around 1.2785-1.2790 with SL around 1.2860 for the TP of 1.2660
