• Major Resistance- 0.902
   
• Major support – 0.8750
   
• The pair has minor trend line resistance 0.8870 (trend line joining 0.90205 and 0.8905) and jumped till 0.89905 from that level. It is currently trading around 0.89556
   
• CAD slightly declined against all major pairs due to Doha meet failure. Oil declined today morning to $37.61 and is currently trading around $38.54 compared to Friday close of $40.36.Doha meet failed to reach agreement on oil output freeze.
   
• Short term trend is slightly bullish as long as support 0.8850 holds.
   
• The pair’s major resistance is around 0.9020 and any break above 0.8920 will take the pair to next level 0.906/0.9100/0.9118.
   
• On the lower side major support is around 0.8750 (Mar 23rd low) and break below targets confirms minor trend reversal a decline till 0.8700/0.8670 is possible. The minor support is around 0.888 (Tenken-Sen &Kijun-Sen)
  
  It is good to buy at dips around 0.8900 with SL around 0.885 for the TP of 0.9000/0.9020.