Potential Reversal Zone (PRZ) - 1.2850
The pair has declined till 1.29521 after making a high of 1.31805. It is currently trading around 1.29903.
Loonie has formed temporary bottom around 1.2850 and jumped from that level. Further selling pressure can be seen below 1.2850 and break below targets 1.2800/1.2700/1.2665 in short term.
invalidation only above 1.3220. The minor resistance is around 1.3030 and break above will take the pair to next level 1.3080/1.3150/1.3220.
It is good to buy at dips around 1.2925-30 with SL around 1.2850 for theTP of