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- Major resistance- 1.2947 (100- 4H MA).
- Major support -1.2865 (61.8% retracement of 1.28224 and 1.29457).
- Loonie has broken minor resistance at 1.2940 and slightly jumped till 1.29457 from that level. It is currently trading around 1.29424.
- Short term trend is bullish as long as 1.2870 holds. On the lower side, any break below 1.2870 will drag the pair till 1.2820/1.2760 level.
- Any break above 1.2947 will take the pair to 1.3009 (200- 4H MA)/1.3023 (61.8% retracement of 1.31470 and 1.28224)/1.3080.
It is good to buy above 1.2947 with SL around 1.2870 for the TP of 1.3008/1.30230
