- Major resistance -1.4070 (trend line joining 1.4174 and 1.4108)
- Loonie recovered after making a low of 1.39040. It is currently trading around 1.40320.
- Short term trend is still weak as long as resistance 1.4070 holds. Any break above 1.4070 will drag the pair to next level 1.4100/1.4150 level.
- On the lower side major support is around 1.3985 and break below targets 1.3960/1.3900/1.3880.
It is good to sell on rallies around 1.4040 with SL around 1.4080 for the TP of 1.3980/1.3960
The material has been provided by InstaForex Company – www.instaforex.com