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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
Oil extended gains on Friday and is set for its biggest weekly rise in over six years.
- Brent crude was up 60 cents at $53.65 a barrel at 0844 GMT, on track to rise 11 percent this week alone. U.S. crude was up 77 cents at $50.20 a barrel
- CAD continues to benefit from higher oil prices, scope for more CAD gains if Canada employment (due later in NY session) beats forecasts
- Price action continues below cloud top, weakening the market structure, drop till cloud base at 1.2814 likely
- A close above converged tenkan & kijun lines at 1.3208 needed to stop slide
- USD/CAD is at the time of writing trading at 1.2944, with immediate resistance at 1.3022 (Session High Oct 9) ahead of 1.3074 (Daily High Oct 8)
Resistance Levels:
R3: 1.3134 (Daily High Oct 6)
R2: 1.3074 (Daily High Oct 8)
R1: 1.3022 (Session High Oct 9)
Support Levels:
S1: 1.2958 (Session Low Oct 9)
S2: 1.2952 (Daily Low Aug 12)
S3: 1.2944 (Daily Low Jul 30)
