Loonie breaks minor trend line support, targets 1.2960

Loonie has made a high of 1.31595 and started to retreat from that level. Overall trend reversal can be seen only above 1.31620 level.

The pair has broken minor trend line support 1.3065 and break below targets 1.3025/1.2950 level in short term.

Intraday bullishness can be seen only above 1.3120 level.

Any break above 1.3120 will take the pair to 1.31620 /1.3225.

It is good to sell on rallies around 1.3070-75 with SL around 1.3125 for the TP of 1.3000/1.2955