Loonie faces resistance around 1.2350,targets 1.2200

USD/CAD has made high of 1.2350 and retreated from that level. Short term trend is weak as long as resistance 1.2350 holds.

On the downside minor support is around 1.2250 and below that it can reach till 1.2200/1.2165.

It is good to sell on rallies around 1.2300 with SL around 1.2355 for the TP of 1.2200