• USD/CAD broke above the cloud top (1.3173) on Friday, but failure above cloud supporting bears
  
  
• A daily close above the cloud top will put the bias on upside, 1.3268 could be the next target 
  
  
• Oil trades weak on the day after IEA said that oil sector investments are likely to decline further in 2016
  
  
• International benchmark Brent was down 1 cent at $47.98 a barrel, and over 11 percent below this month's high
  
  
• USD/CAD is currently trading at 1.3142 with immediate resistance at 1.3171 (cloud top) and support on the downside at 1.3040 (Daily Low Oct 23)
  
  

Resistance Levels:

R1: 1.3171 (cloud top)

R2: 1.3184 (Session High Oct 26)

R3: 1.3198 (Daily High Oct 23)

Support Levels:

S1: 1.3040 (Daily Low Oct 23)

S2: 1.3015 (Tenkan-Sen)

S3: 1.3004 (Daily Cloud Base)