Loonie breaks short trendline support ,targets 1.2960

Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out .

On the downside major support is around 1.3050 and any break below 1.3050 will drag the pair further down till 1.2950 in short term.

The pair has formed temporary top around 1.3325 and declined from that level. Any further bullishness only above 1.3330 level.

The minor resistance are at 1.3180/1.3220/1.3260.

It is good to sell on rallies around 1.3145-50 with SL around 1.3215 for the TP of 1.3050/1.2960