- Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out.
- On the downside major support is around 1.3050 and any break below 1.3050 will drag the pair further down till 1.2950 in short term.
- The pair has formed temporary top around 1.3325 and declined from that level. Any further bullishness only above 1.3330 level.
- The minor resistance are at 1.3180/1.3220/1.3260.
It is good to sell on rallies around 1.3180-85 with SL around 1.3250 for the TP of 1.3050/1.2960
Resistance
R1- 1.3200
R2-1.3250
R3- 1.3350
Support
S1-1.3140
S2-1.3050
S3-1.2960
