Loonie breaks major resistance 1.3350, targets 1.3550

Loonie has broken major resistance 1.3350 which confirms short term bullishness and a jump till 1.3550 cannot be ruled out. It is currently trading at 1.3325.

Short term weakness can be seen only below 1.3250. Any break below 1.3250 will drag the pair further down till 1.3185/1.3150.

The pair's minor support is around 1.3280.

It is good to buy at dips around 1.3320-25 with SL around 1.3249 for the TP of 1.3480/1.3550.