Loonie has made a low of 1.30801 at the time of writing and slightly recovered from that level. It is currently trading around 1.3108.
The pair has broken minor trend line resistance 1.3095 and jumped till 1.3119. Loonie is expected to reach till 1.3124 and break above targets 1.3165/1.3190/1.3237.
On the downside minor support is around 1.3080 and break below targets 1.3050/1.3030.
Short term weakness only below 1.3030.
It is good to buy at dips around 1.31085 with SL around 1.3050 for the TP of 1.3195/1.3235
Comments
TRDVMA
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That's the minimum target. Oil is at significant resistance to go down IMO.Regards.