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FxWirePro- Woodies Pivot(Major) 
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USDCAD is consolidating in a narrow range between 1.30292 and 1.30752 for the past four trading days. Markets eye BOC monetary policy tomorrow for further direction. The Canadian central bank is expected to keep rates unchanged and investors look into GDP and inflation forecasts. The pair hits an intraday high of 1.30785 and is currently trading around 1.30685.
WTI crude oil continues to trade lower after showing a minor jump till $59.61 and any break below $57.60 (200- day MA) targets $55.
USDCAD is facing strong resistance around 1.3100-05, any further bullish continuation only beyond that level. Any break up targets 1.31480/1.31800. The minor resistance is at 1.30600.
On the flip side, near-term support is around 1.3020 and any indicative break under will drag the pair till 1.3000/1.29500.
It is good to buy on dips around 1.3020 with SL around 1.2970 for the TP of 1.31050.
