Dollar strength continues into Tuesday, but price action is still choppy with major pairs contained in ranges.

Exception is Loonie, which broke out of its 3-month range last week and is now on its way to retest the bottom of that range (now resistance) between 1.2350 and 1.2400. Provided that oil keeps appreciating for at least a couple of weeks/months, that may prove to be a great trade:

Entry: 1.23 - 1.235
SL: above 1.24
TP1: just above 1.21
TP2: 1.155

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