Loonie breaks minor trend line support, targets 1.2900

Loonie has broken short term trend line support 1.2985 ( trend line joining 1.2900 and 1.2956) and this confirms intraday bearishness , a decline till 1.2900 cannot be ruled out.

On the higher side 1.3050 is short term resistance and any break above targets 1.30870/1.3135.

Intraday bullishness only above 1.3050 level.

It is good to sell on rallies around 1.2990-95 with SL around 1.3050 for the TP of 1.2900/1.2860