Loonie has once again recovered sharply after declining slightly below 1.4000 level. It is currently trading around 1.34525.
The pair has also broken major resistance around at 1.3445 ( joining 1.35638 and 1.34996).
On the higher side, major resistance is around 1.3540 and any violation above targets 1.3600/1.3660 level.
Short term weakness can be seen below 1.3375 and any indicative break below targets 1.3320/1.3265.
Overall bullishness only above 1.3540.
It is good to buy on dips around 1.3440 with SL around 1.34000 for the TP of 1.3500/1.3530