- Harmonic pattern formed- Bullish BAT pattern
- Potential Reversal Zone( PRZ)- 1.3355
- Loonie has made a high of 1.3352 on Tuesday and declined till 1.2850 from that level. It has almost formed a double top around 1.335 and not able to cross above that level.
- Any break above 1.3350 will take the pair to new level 1.3880.
- On the downside minor support is around 1.3250 and break below targets 1.3170/1.3140/1.3060.
- Bullish invalidation only below 1.3050.
It is good to sell on rallies around 1.3290-95 with SL around 1.3350 for the TP of 1.3170.
