Thursday, October 15, 2026

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Loonie breaks major resistance around 1.3162, targets 1.323/1.33

Loonie breaks major resistance 1.3162 and break above confirms major trend reversal , a jump till 1.3233/1.3300 is possible. On the downside minor weakness can be seen below 1.3100. Any break below 1.3100 will drag the p…

By Lis Howell
1 min read
Loonie breaks major resistance around 1.3162, targets 1.323/1.33
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Loonie breaks major resistance 1.3162 and break above confirms major trend reversal , a jump till 1.3233/1.3300 is possible.

  • On the downside minor weakness can be seen below 1.3100. Any break below 1.3100 will drag the pair further down till 1.304081.3000.
     
  • The minor support is around 1.3150.

It is good to buy around 1.31620-650 with SL around 1.3100 for the TP of 1.3230/1.3300

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