The dollar versus Loonie wascapable of breachingthe minor support level 1.1020, as expected this morning, while we wait for the pair to continue the intraday downside movetowards the primary target at 1.0880. Chances for fluctuation around the breach support level, in an attempt to gain enough momentum to support the downside move awaited for today. It is important that 1.1130 remains intact, to achieve the expected downside move.
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.
|Recommendation||Our morning expectation remains valid|