Loonie breaks major trend line support 1.3140, target 1.3000
USD/CAD has broken major trend line support at 1.3140 (trend line joining 1.2126 and 1.30113) and this confirms short term weakness, a decline till 1.300 is possible.
Intraday trend is still weak as long as resistance 1.3180 holds. Any break above 1.3180 will take the pair to next target 1.3220/1.3265.
On the downside major support is around 1.3110 and any break below targets 1.3060/1.3000.
It is good to sell on rallies around 1.3135-40 with SL around 1.3180 for the TP of 1.3070/1.3000
Intraday trend is still weak as long as resistance 1.3180 holds. Any break above 1.3180 will take the pair to next target 1.3220/1.3265.
On the downside major support is around 1.3110 and any break below targets 1.3060/1.3000.
It is good to sell on rallies around 1.3135-40 with SL around 1.3180 for the TP of 1.3070/1.3000