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- Major Intraday Support – 1.3390
- Loonie has once again recovered sharply after declining slightly below 1.4000 level. It is currently trading around 1.34525.
- The pair has also broken major trend line resistance around at 1.3445 (trend line joining 1.35638 and 1.34996).
- On the higher side, major resistance is around 1.3540 and any violation above targets 1.3600/1.3660 level.
- Short term weakness can be seen below 1.3375 and any indicative break below targets 1.3320/1.3265.
- Overall bullishness only above 1.3540.
It is good to buy on dips around 1.3440 with SL around 1.34000 for the TP of 1.3500/1.3530
Resistance
R1-1.3540
R2-1.3600
R3- 1.3718
Support
S1-1.3400
S2-1.3370
S3- 1.3320
