- Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible .
- On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940 will take the pair till 1.2985/1.3020.
- Overall bearish invalidation only above 1.3080 level.
It is good to sell on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760
The material has been provided by InstaForex Company – www.instaforex.com