USD/CAD trade Idea

• Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out. 
  
  
• On the downside major support is around 1.3050 and any break below 1.3050 will drag the pair further down till 1.2950 in short term. 
  
  
• The pair has formed temporary top around 1.3325 and declined from that level. Any further bullishness only above 1.3330 level. 
  
  
• The minor resistance are at 1.3180/1.3220/1.3260. 

It is good to sell on rallies around 1.3180-85 with SL around 1.3250 for the TP of 1.3050/1.2960 

Resistance

R1- 1.3200

R2-1.3250

R3- 1.3350

Support

S1-1.3140

S2-1.3050

S3-1.2960