Loonie faces strong trendline resistance at 1.319, targets 1.306

USD/CAD is facing strong trend line resistance around 1.3190 (trend line joining 1.3150 and 1.3176) and break above confirms further bullishness, a jump till 1.3210 cannot be ruled out .

On the downside minor support is at 1.3130 and break below will drag the pair further down till 1.3100/1.3050/1.3025.

It is good to sell on rallies around 1.31620-650 with SL around 1.3190 for the TP of 1.3055