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Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 
- Major resistance – 1.2965 (Aug 22nd high).
- Major support – 1.2890 (200 HMA).
- Lonnie formed a double top around 1.2965 and declined from that level. It is currently trading around 1.29135.
- USD/CAD has shown a dip till 1.28588 on 23rd Aug and recovered from that level. Crude oil prices jumped sharply after sources from OPEC indicate that Iran is willing to participate in the production freeze in order to boost oil prices. Loonie declined sharply after sudden jump in the oil prices.
- Oil has pared its gains yesterday after weaker than expected crude API inventory report.
- USD/CAD should break above 1.2965 for the further bullishness. Any break above 1.2965 will take the pair to next level till 1.3033 (61.8% retracement of 1.32004 and 1.27638)/1.30796.the minor resistance is around 1.2927 (100-day MA).
- On the lower side, any break below 1.2890 (200 HMA) will drag the pair down till 1.2855/1.2800/1.2765.
It is good to buy above 1.2927 with SL around 1.2855 for the TP of 1.3033/1.30796.
