• USD/CAD daily price action rages within the cloud, Trend remains on the upside despite the recent failure above 1.3218
  
  
• Canadian GDP data matched forecasts, while both US Personal Income and Spending have disappointed expectations
  
  
• USD/CAD higher post data, is currently trading at 1.3189, with strong support by Daily Tenkan at 1.3108
  
  
• A daily close below cloud base, which comes in at 1.3139 could buoy bears 
  
  
• Resistance on the upside is seen at 1.3213 (cloud top) ahead of 1.3237 (Daily high Oct 29)
  
  
• Stochs on the verge of a bullish crossover, but remain near overbought, so caution advised
  
  
• A break above cloud top at 1.3213 could see the pair at 1.33 levels
  
  

Recommendation: Good to buy dips around 1.3140, SL: 1.3100, TP: 1.3198

Resistance Levels:

R1: 1.3213 (cloud top) 

R2: 1.3237 (Daily high Oct 29)

R3: 1.3281 (Daily High Oct 28)

Support Levels:

S1: 1.3145 (Kijun-Sen)

S2: 1.3139 (Daily Cloud Base)

S3: 1.3108 (Tenkan-Sen)