USD/CAD upside capped by 90 day EMA, break above targets 1.3125

• Major resistance- 1.3020 (90 day EMA)
   
• Loonie is facing strong resistance at 90 day EMA and any short term bullishness only above that level. It is currently trading around 1.30185.
   
• Any indicative break above 1.3200 will take the pair to next resistance at 1.3050/1.3100/1.3125.
   
• On the lower side, minor support is at 1.3000 (daily Tenkan-Sen) and any break below targets 1.2945 (21 day MA)/1.2909 (daily Kijun-Sen)/1.2860.
   
• Overall trend reversal only above 1.31880.

It is good to buy above 1.30255 with SL around 1.2970 for the TP of 1.3100/1.3125