Loonie breaks minor trend line support ,targets 1.3260/1.3220
Intraday trend reversal Level- 1.3300 (trend line joining 1.32900 and 1.32970)
USD/CAD has made a low of 1.32972 and slightly recovered from that level. It is currently trading around 1.3303.
Any break below confirms intraday weakness , decline till 1.3260/1.3220 is possible.
On the higher side minor resistance is around 1.3350 and break above targets 1.3370/1.3400.
It is good to sell on rallies around 1.3305-307 with SL around 1.3350 for the TP of 1.3260/1.3220
USD/CAD has made a low of 1.32972 and slightly recovered from that level. It is currently trading around 1.3303.
Any break below confirms intraday weakness , decline till 1.3260/1.3220 is possible.
On the higher side minor resistance is around 1.3350 and break above targets 1.3370/1.3400.
It is good to sell on rallies around 1.3305-307 with SL around 1.3350 for the TP of 1.3260/1.3220