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- Loonie breaks short term trend line support and has declined till 1.30733. It is currently trading at 1.3137.
- Short term trend is still weak as long as resistance 1.3220 holds.
- The pair's minor resistance is around 1.3185.
- On the downside major support is around 1.3050 and any break below will drag the pair further down till 1.300/1.2960.
- Any further weakness only below 1.3050.
It is good to sell on rallies around 1.3140-45 with SL around 1.3185 for the TP of 1.3055/1.300
