Loonie is expected to trade higher as Canadian monthly GDP data for May which is to be released today is expected to show no growth.
On the downside any break below 1.2960 will target 1.2915/1.2900/1.2855.
Overall invalidation only below 1.2840.
The pair’s resistance is around 1.3050 and break above would extend gains till 1.3100/1.3233.
It is good to buy at dips around 1.3000 with SL around 1.2960 for the TP of 1.3100/1.3233