Loonie broke above two-month consolidation pattern which spans roughly between 1.2675 and 1.3175. The breakout was accompanied by weakness in oil and came few days after 50 DMA crossed above 100 DMA for the first time in a year.
1.33 - 1.3325 (200 DMA, 38.2% retracement of the January - May downswing) will be the first real test and then 1.3450 - 1.35 (September 2015 high, 00's). 1.31 - 1.3150 shall now hold as a support.
1.33 - 1.3325 (200 DMA, 38.2% retracement of the January - May downswing) will be the first real test and then 1.3450 - 1.35 (September 2015 high, 00's). 1.31 - 1.3150 shall now hold as a support.