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Loonie breaks minor trend line support ,targets 1.3850

  • Major support - 1.39300 (trend line joining 1.3314 and 1.3673)
     
  • The pair has broken trend line support 1.3930 and declined till 1.39270. Intraday trend is slightly weak as long as resistance 1.3950 holds.
     
  • Any break above 1.3950 will take the apir to next level 1.3980/1.4000.
     
  • On the lower side break below 1.3930 targets 1.3900/1.3850 level.

It is good to sell on rallies around 1.39250-30 with SL around 1.3950 for the TP of 1.3900/1.3850

 

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