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FxWirePro
Nov 9, 2015 7:39 AM

Loonie breaks major resistance, jump till 1.350 is possible Long

U.S. Dollar/Canadian DollarFXCM

Description

Lonnie breaks major resistance 1.3280 and jumped till 1.3317. Short term weakness can be seen only below 1.3200 holds.

Any break below 1.3200 will drag the pair down till 1.3140/1.3050. Overall weakness only below 1.3030.

the pair's minor support is around 1.3240

On the higher side minor resistance is around 1.3320 and break above targets 1.3545/ 1.3685

It is good to buy around 1.3290 with SL around 1.3240 for the TP of 1.3540/1.3600.
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