Loonie trades near major support 1.22, weakness only below 1.216

Long

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

USD/CAD has made a low of 1.2218 and is currently trading at 1.2270. So any further weakness can be seen only below 1.2160.

It is good to buy at dips around 1.2250 with SL around 1.2160 for the TP of 1.2350

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