• Major resistance – 1.32150 (Feb 7th high)
   
• Major intraday Support – 1.30880 (50% retracement of 1.29650 and 1.32122).
   
• Lonnie recovered from the low of 1.30890 made yesterday and jumped till 1.31580 level. It is currently trading around 1.31537.
   
• The minor intraday resistance for the pair is around 1.3160 and any break above will take the USD/CAD till 1.3215/1.3230 (61.8% fibo of 1.33875 and 1.2965).
   
• On the lower side, any break below 1.30880 will drag the pair down till 1.30500/1.3000. The pair should break below 1.29650 for further weakness.
  
  It is good to sell on rallies around 1.3155-1.3160 with SL around 1.32150 for the TP of 1.30880/1.3050