USD/CAD breaks minor trend line support, decline till 1.2865 likely

• Major resistance- 1.2960.
   
• Minor intraday support- 1.2915 (trend line joining 1.128617and 1.28985).
   
• In the 15 min chart,the pair is trading below 55- EMA and also broken the trend line support. It is currently trading around 1.29030 level.
   
• On the higher side, the minor resistance is around 1.2940 and any break above targets 1.2965/1.3000 in the short term.
   
• Loonie’s major support is around 1.2860 and break below targets 1.2830/1.2780.

It is good to sell on rallies around 1.29030-1.2905 with SL around 1.2940 for the TP of 1.2861/1.2805.