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Loonie has made a low of 1.30801 at the time of writing and slightly recovered from that level. It is currently trading around 1.3108.
- The pair has broken minor trend line resistance 1.3095 and jumped till 1.3119. Loonie is expected to reach till 1.3124 and break above targets 1.3165/1.3190/1.3237.
- On the downside minor support is around 1.3080 and break below targets 1.3050/1.3030.
- Short term weakness only below 1.3030.
It is good to buy at dips around 1.31085 with SL around 1.3050 for the TP of 1.3195/1.3235
Resistance
R1- 1.3124
R2-1.3195
R3- 1.3230
Support
S1-1.3080
S2-1.3050
S3-1.3030
