Midday Report

The dollar versus loonie pair touched key support level, which is awaited to be breached today, at 1.0965; where we still maintain our morning expectations, for and intraday downside move; initially targeting areas around 1.0825 and then more downside movements towards 1.0745. The expected downside move will prevail, as long as 1.1150 remains intact.

The trading range for today is among the key support at 1.0625 and the key resistance at 1.1320.

The general trend is to the downside as far as 1.1870 remains intact with targets at 1.0300.

RecommendationOur morning expectation remains valid