Loonie breaks major support 1.298,decline till 1.2900 is possibl

FX:USDCAD   U.S. Dollar / Canadian Dollar
335 0 5
Loonie has made a high of 1.3074 yesterday and started to decline from that level. Short term trend is still weak as long as resistance 1.3050 holds.

On the downside major support is around 1.2970 and any break below targets 1.2940/1.2900 in short term.

The pair's minor resistance is around 1.3000/1.3020.

The major resistance is around 1.3085 and break above targets 1.3156/1.3200.

It is good to sell on rallies around 1.2980-85 with SL around 1.3020 for the TP of 1.2940/1.2900

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