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- Major trend line support - 1.4450 (trend line joining 1.4064 and 1.4187)
- Loonie has broken major trend line support 1.4450 and declined till 1.44393 at the time of writing. It is currently trading around 1.4418.
- Short term trend is slightly bullish as long as resistance 1.4545 holds.
- On the lower side any break below 1.4450 will drag the pair till down till 1.3850/1.3000 in short term.
- The pair's minor resistance is around 1. break above trend line resistance 1.4545 will take the pair to next level around 1.4600/1.4640.
It is good to sell on rallies 1.4450-55 with SL around 1.4505 for the TP of 1.4385/1.4300
