Loonie struggles to break above 1.3460, decline till 1.3260 is possible

• Candle Stick pattern - Shooting Star
   
• Major resistance - 1.3460 (55 day 4H EMA)
   
• USD/CAD has made a high of 1.34461 at the time of writing and started to decline from that level. Short term trend is still weak as long as resistance 1.3460 holds.
   
• Any break above 1.3460 will take the pair to next level till 1.3498/1.3587.
   
• On the lower side major support is around 1.3370 and break below targets 1.3300/1.3260.

 It is good to sell on rallies around 1.3400-1.3405 with SL around 1.3460 for the TP of 1.3260