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FxWirePro- Woodies Pivot (Major) 
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FxWirePro- Woodies Pivot (Major) 
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• USD/CAD firmed on Tuesday as dollar strengthened as a jump in oil prices fueled concerns about inflation.
• Investors expect the Bank of Canada to leave its benchmark interest rate on hold at 2.25% on Wednesday despite recent GDP data that showed the economy growing at a faster pace than the central bank had forecast.
•Canada's manufacturing sector expanded for a fifth straight month in August as output and employment rose but increased trade tensions cast doubt on the pace of growth being sustained, data on Tuesday showed.
•The price of oil, one of Canada's major exports, rose to a near six-week high as a resumption in fighting between the United States and Iran in the Middle East renewed fears of supply.
• Immediate resistance is located at 1.3974(50%fib), any close above will push the pair towards 1.4000(Psychological level.).
• Support is seen at 1.3855(38.25fib) and break below could take the pair towards 1.3772(Lower BB).
Recommendation: Good to sell around 1.3920 with stop loss of 1.4000 and target price of 1.3850
