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- Major resistance – 1.3360.
- Major support – 1.327 (23.6% retracement of 1.30060 and 1.33549).
- Loonie breaks major resistance 1.33137 the top formed on Oct 7th 2016 and jumped till 1.33595 at the time of writing. It is currently trading around 1.3340.
- On the higher side, 1.3360 is acting as major resistance and any break above confirms major trend reversal, a jump till 1.3400/1.3500 (161.8% retracement of 1.33137 and 1.30060) is possible.
- The minor support stands at 1.3270 and any break below will drag the pair to next level till 1.3210 (7- day EMA)/1.3160 (200- day MA).
It is good to buy above 1.3360 with SL around 1.3270 for the TP of 1.34980.
