FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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- Major resistance -1.40018 (Dec 17th High)
- Major support - 1.3800
- Loonie has broken major resistance 1.40018 and jumped till 1.40393 at the time of writing. It is currently trading around 1.40380.
- Any break above 1.40018 confirms major trend reversal a jump till 1.4536/1.4980 is possible.
- The policy divergence and decline in oil prices have dragged the Canadian dollar to 12 year low. The market also awaits FOMC minutes meeting for further upmove.
- On the lower side major weakness can be seen only 1.3800 and any break below 1.3800 targets 1.3690/1.3550. The minor support is around 1.3980 and break below will drag the pair down till 1.3927/1.3880/1.3800.
It is good to buy at dips around 1.4025-30 with SL around 1.3980 for the TP of 1.4500/1.4980
