FxWirePro: USD/CAD extends gains, eyes 1.3800 level

• USD/CAD firmed on  Monday as softer commodity prices and a stronger U.S. dollar  weighed on loonie.

• The dollar gained broadly against major currencies on Monday as a selloff in precious metals sparked a flight to safety.

• Spot gold was down 3% at $4,718.35 an ounce by 09:10 a.m. ET (1148 GMT), after tumbling nearly 10% earlier in the session.

•Spot silver fell 3.3% to $81.75 an ounce, after sliding as much as 15% earlier in the session. Silver has dropped roughly 32% since hitting a record high of $121.64 last week..

• Oil prices also retreated, after Trump said on Saturday that major crude producer Iran was "seriously talking" with Washington.

•  Immediate resistance is located at 1.3703(50%fib), any close above will push the pair towards 1.3776(SMA 20).

• Support is seen at 1.3607(38.2%fib) and break below could take the pair towards 1.3528(Lower BB).

Recommendation: Good to buy  around 1.3650, with stop loss of 1.3580 and target price of 1.3800