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- Major resistance- 1.32500
- Major support – 1.3070 (200- day MA).
- Loonie broken minor support 1.3150 today morning and declined till 1.31114 at the time of writing. It is currently trading around 1.31293.
- Canadian dollar trading higher against all major pairs on account of higher crude oil prices.
- On the lower side, major support is around 1.3070, any break below will drag the pair down till 1.3000.
- The immediate resistance is around 1.3180 and any break above will take the pair till 1.32260/1.3250.
- Overall bearish invalidation only above 1.3590.
It is good to sell on rallies around 1.3160-65 with SL around 1.3226 for the TP of 1.3080/1.3000
Resistance
R1-1.3180
R2-1.32260
R3- 1.3260
Support
S1-1.3150
S2-1.3070
S3- 1.3000
