• Pattern Formed – Bullish Bat pattern
   
• Potential Reversal Zone -1.3000
   
• The pair has formed Bullish BAT Pattern in the hourly chart and any slight weakness can be seen only below 1.3000 level.
   
• Loonie made a low of 1.30532 at the time of writing and jumped slightly from that level. It is currently trading around 1.30853.
   
• On the lower side any break PRZ will drag the pair down till 1.29000 (161.8% retracement of 1.30186 and 1.33875)/1.28225.
   
• The next immediate resistance is around 1.3107 (hourly Kijun-Sen) and any break above will take the pair till 1.3168 (110 – H EMA)/1.320 (200- H MA).
  
  It is good to buy on dips around 1.3055 with SL around 1.3000 for the TP of 1.3145