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Short

Loonie breaks major support 1.2900, targets 1.2780

FX:USDCAD   U.S. Dollar / Canadian Dollar
260 0 5
Loonie has broken major support 1.2900 which confirms short term weakness, a decline till 1.2780/1.2750 is possible .

On the higher side any intraday bullishness can be seen only above 1.2940 . break above 1.2940 will take the pair till 1.2985/1.3020.

Overall bearish invalidation only above 1.3080 level.

it is good to sell on rallies around 1.2900-905 with SL around 1.2945 for the TP of 1.2800/1.2760
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