Thursday, October 15, 2026

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Loonie breaks minor trend line support, targets 1.2900

Loonie has broken short term trend line support 1.2985 ( trend line joining 1.2900 and 1.2956) and this confirms intraday bearishness , a decline till 1.2900 cannot be ruled out. On the higher side 1.3050 is short term r…

By Lis Howell
1 min read
Loonie breaks minor trend line support, targets 1.2900
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  • Loonie has broken short term trend line support 1.2985 ( trend line joining 1.2900 and 1.2956) and this confirms intraday bearishness , a decline till 1.2900 cannot be ruled out.
     
  • On the higher side 1.3050 is short term resistance and any break above targets 1.30870/1.3135.
     
  • Intraday bullishness only above 1.3050 level.

It is good to sell on rallies around 1.2990-95 with SL  around 1.3050 for the TP of 1.2900/1.2860

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By FxWirePro Team