• Oils pops buoying CAD, 1.3190-1.3224 was European am range for USD/CAD, currently trading at 1.3176
  
  
• Huge hammer on Fri's candlestick line highlights the overall bullish bias, but short term downside likely
  
  
• Breaks above 21-Day MA at 1.3240 a positive for bulls, daily close above tenkan line at 1.3162 adds to upside potential
  
  
• Large USD 600mn 1.3185 option expiry today exerts magnetism, 1.3161 (Tenkan-Sen) could provide support
  
  
• BoC Governor Poloz due to speak in Calgary at 1830GMT, also in focus will be US Existing Home Sales and speech by Atlanta Fed's D.Lockhart

Resistance Levels: 

R1: 1.3182 (Session Low Sep 21)

R2: 1.3236 (Session High Sep 21)

R3: 1.3240 (21-Day MA)

Support Levels:

S1: 1.3161 (Tenkan-Sen)

S2: 1.3100 (Psychological Level) 

S3: 1.3013 (Daily low Sep 18)