USD/CAD breaks temporary top formed around 1.34335 and jumped till 1.34654 yesterday. The pair has not able hold at higher levels and heavy selling pressure dragged the loonie down below 1.3400 level.
Loonie formed in the , s a slight decline till 1.3278 is possible.
Short term trend reversal is possible only below 1.3275 level.
Any break below 1.3275 targets 1.3000 level.
Overall trend reversal only below 1.3000
It is good to sell on rallies around 1.3400-3405 with SL around 1.3466 for the TP of 1.3350/1.3278