- Loonie has taken support near 1.1900 and recovered from that level.
- On the upside minor support is around 1.2065 and any break above will take the pair to next target 1.2096/1.2140 in short term.
- The pair’s minor support is around 1.1970 and break below will drag the pair further down till 1.1935/1.19180. The major support is around 1.1870 and further bearishness can be seen only below that level.
We prefer to buy around 1.200 with stop around 1.1970 for the target of 1.2140.
The material has been provided by InstaForex Company – www.instaforex.com