Major support – 1.31300
USDCAD continues to trade lower and hits 5- week low on broad-based USD selling and strong Canadian manufacturing sales. It rose 0.8% to $57.6 billion in August much better than -1.3% in Jul. The pair hits low of 1.31310 and is currently trading around 1.31375.
WTI crude is holding well above $50 despite weak US crude inventories. It has shown a build-up of 9.3M compared to 2.7M. The major resistance is around $55 and any break above targets $55.75/$56.
On the flip side, near term support is around 1.3130 and any violation below will drag the pair down till 1.3070/1.3020.
The near-term resistance is around 1.3180 and convincing break above will take the pair to the next level till 1.3245/1.3300.
It is good to sell on rallies around 1.3148-50 with SL around 1.31850 for the TP of 1.3070.


FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Pair levels and bias summary
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro: GBP/USD recovers but bears are not done yet again
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns 



