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Long

Loonie takes support near trend line, targets 1.3300

FX:USDCAD   U.S. Dollar/Canadian Dollar
399 0 9
USD/CAD             has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 ( trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that level.

Any break below 1.3175 will drag the pair further down till 1.3135/1.3100 level.

On the higher side pair’s resistance is around 1.3250 and break above targets 1.3300/1.3350.

Overall bullishness can be seen only above 1.3350 level.

It is good to buy at dips around 1.3185 with SL around 1.3130 for the TP of 1.3300
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