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Major resistance - 1.4314 (55 day 4 H EMA)
- Loonie has broken major resistance 1.4314 and jumped till 1.4180. It is currently trading around 1.4310.
- Short term trend is slightly bullish as long as support 1.4250 holds.Any break below 1.4250 will drag the pair down till 1.4190/1.4160.
- On the higher side any break above 1.43140 will take the pair till 1.4360/1.4400.
- Short term trend reversal below 1.4160.
It is good to buy at dips around 1.4300 with SL at 1.4250 for the TP of 1.4400
R1-1.43140
R2-1.4360
R3-1.4400
Support
S1-1.4250
S2-1.4190
S3- 1.4160
