- Major Support -1.2580 (trend line joining 1.27499 and 1.26304)
- Major Resistance – 1.2760
- Loonie has made a low of 1.2950 and slightly recovered till 1.26330 from that level. It is currently trading around 1.2601.
- Intraday trend is weak as long as resistance 1.2641 (Kijun-Sen)
- Any break above 1.26410 will take the pair till 1.2700/1.2760 level.
- Short term trend reversal can happen below 1.2580 and break below targets 1.2550/1.2500.
It is good to sell only below 1.25800 with SL around 1.2640 for the TP of 1.2500/1.2460
The material has been provided by InstaForex Company – www.instaforex.com