Loonie trades well above trend line resistance, targets 1.2980

FX:USDCAD   U.S. Dollar / Canadian Dollar
354 0 5
USD/CAD             has made a high if 1.2939 on Friday and is currently trading at 1.2927.

Loonie has broken major short term trend line resistance around 1.2902 ( trend line joining 1.3080 and 1.3015) and this confirms short term bullishness , jump till 1.2980/1.3020 in short term.

On the downside minor support is around 1.2860 and any weakness can be seen only below that level. Break below 1.2860 targets 1.2830/1.2800

It is good to buy on dips around 1.2902-05 with SL around 1.2860 for the TP of 1.2980/1.3020
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