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- USD/CAD opened Noram marts 1.3242 -10 pips vs the close, overnight range 1.3216/75
- Oil slide underpins the greenback, overall bias is on the upside, there is scope for the pair to test 1.3353 - 2015 high posted back in August
- USD/CAD has bounces off session lows at 1.3232, and is now challenging session tops near 1.3270
- The pair is currently trading at 1.3265, with next hurdle at 1.3275 (Daily High Sep 9), breaks above could see the pair at 1.3290 levels ahead of 1.33
- On the flipside strong support is seen at 1.3221 (Tenkan-Sen) and then at 1.3208 (21-Day MA)
R1: 1.3275 (Daily High Sep 9)
R2: 1.3289 (Daily High Sep 10)
R3: 1.3310 (Daily Highs Sep 7/8)
Support levels:
S1: 1.3221 (Tenkan-Sen)
S2: 1.3208 (21-Day MA)
S3: 1.3179 (Daily Low Sep 10)
