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- Major resistance- 1.3020 (90 day EMA)
- Loonie is facing strong resistance at 90 day EMA and any short term bullishness only above that level. It is currently trading around 1.30185.
- Any indicative break above 1.3200 will take the pair to next resistance at 1.3050/1.3100/1.3125.
- On the lower side, minor support is at 1.3000 (daily Tenkan-Sen) and any break below targets 1.2945 (21 day MA)/1.2909 (daily Kijun-Sen)/1.2860.
- Overall trend reversal only above 1.31880.
It is good to buy above 1.30255 with SL around 1.2970 for the TP of 1.3100/1.3125
R1- 1.3025
R2-1.3100
R3-1.3125
Support
S1-1.3000
S2-1.2945
S3-1.2870
