FxWirePro: USD/CAD faces strong support at 10- day MA, good to buy on dips

• Major resistance- 1.3260 (Jul 27th high).
   
• Major support – 1.3000.
   
• Loonie has made a temporary bottom around 1.3000 and started to increase sharply from that level .It is currently trading around 1.31985.
   
• Short term trend is bullish as long as support 1.3147 (10- day MA) holds.
   
• On the higher side , the resistance is around 1.3260 and any violation above the top formed at Jul 27th 2016 will take the pair to next immediate level till 1.3300/1.3360 level.
   
• Any break below 10 –day MA will drag the pair till 1.3100/1.3067 (21- day MA).
   
• Overall bullish invalidation only below 1.300.

It is good to buy on dips around 1.3165 with SL around 1.3100 for the TP of  1.3255/1.3300