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USD/CAD is trading in narrow range 1.3325 and 1.3125 for the past three trading session. Any trend reversal can happen only above or below the channel.
- On the lower side major support is around 1.3100 and any break below will extend losses till 1.3050/1.2960 in short term.
- The pair's trend line resistance is around 1.3295 and any break above that level will take the pair till 1.3325/1.3350.
- Further bullishness in Loonie can be seen only above 1.3350 level.
It is good to buy at dips around 1.3130 with SL around 1.3090 for the TP of 1.3285.
