- Loonie has broken major resistance 1.3350 which confirms short term bullishness and a jump till 1.3550 cannot be ruled out. It is currently trading at 1.3325.
- Short term weakness can be seen only below 1.3250. Any break below 1.3250 will drag the pair further down till 1.3185/1.3150.
- The pair’s minor support is around 1.3280.
It is good to buy at dips around 1.3320-25 with SL around 1.3249 for the TP of 1.3480/1.3550.
The material has been provided by InstaForex Company – www.instaforex.com