The 76.4% correction at 1.0785 stopped the dollar versus Loonie pair's decline, resulting in a rebound towards the key resistance at 1.0990. We expect a slight decline from the current levels around 1.0965 and decline on the intraday basis to breach the 1.0785 support level to open the way towards 1.0600. This scenario remains valid with a four hour closing below 1.1000

The trading range for today is among the key support at 1.0625 and the key resistance at 1.1125

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