Loonie breaks minor trend line support, targets 1.2960

Loonie has made a high of 1.31595 and started to retreat from that level. Overall trend reversal can be seen only above 1.31620 level.

• The pair has broken minor trend line support 1.3065 and break below targets 1.3025/1.2950 level in short term.
   
• Intraday bullishness can be seen only above 1.3120 level.
   
• Any break above 1.3120 will take the pair to 1.31620 /1.3225.

It is good to sell on rallies around 1.3070-75 with SL around 1.3125 for the TP of 1.3000/1.2955