Open trading account 
After relentless, so far 1800 pip, pullback, driven by stabilization in oil, lack of policy action by the BOC and relative resilience of the Canadian economy, Loonie found some support near the big figure level at 1.30.
The level coincides with 2008/2009 highs in 1.3000 - 1.3065 zone and 61.8% retracement of the May 2015 to January 2016 upswing. The next major level is 38.2% retracement of the 2011 - 2016 uptrend near 1.27. March 11th low (~1.3165) shall provide some resistance.
The level coincides with 2008/2009 highs in 1.3000 - 1.3065 zone and 61.8% retracement of the May 2015 to January 2016 upswing. The next major level is 38.2% retracement of the 2011 - 2016 uptrend near 1.27. March 11th low (~1.3165) shall provide some resistance.
