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Potential Reversal Zone (PRZ) - 1.3290
- Loonie has broken major support 1.3290 and declined till 1.3250 level. Overall trend is bearish as long as resistance 1.3300 holds.
- Any break above 1.3300 will take the pair to next level 1.3350/1.3370.
- Overall bearish invalidation only above 1.3370 level.
- On the lower side USD/CAD has made a low of 1.3250 at the time of writing will be acting as minor support and break below targets 1.3220/1.3160.
- The pair's minor support is around 1.3280.
It is good to sell on rallies around 1.3265-70 with SL around 1.3300 for the TP of 1.3160
