Loonie struggles to close above 1.3300, targets 1.3150
USD/CAD is facing strong resistance around 1.32969 and struggling to close above that level.
Any break above 1.3300 will take the pair to next target till 1.3370 (161.8% retracement of 1.3212 and 1.2950)
On the lower side minor support is around 1.3240 and break below targets 1.3170/1.3130.
Major trend reversal only below 1.3050 .Any break below confirms bearishness and decline till 1.2950 is possible.
It is good to sell on rallies around 1.3250-55 with SL around 1.3300 for the TP of 1.3170/1.3140
Any break above 1.3300 will take the pair to next target till 1.3370 (161.8% retracement of 1.3212 and 1.2950)
On the lower side minor support is around 1.3240 and break below targets 1.3170/1.3130.
Major trend reversal only below 1.3050 .Any break below confirms bearishness and decline till 1.2950 is possible.
It is good to sell on rallies around 1.3250-55 with SL around 1.3300 for the TP of 1.3170/1.3140