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USD/CAD has gained today to its highest level since June 2004 as oil hits new year low.
- WTI Crude Oil has broken previous low of $38.24 and declined till $37.63 (2015 low). The pair has broken major resistance 1.3456 and jumped till 1.3555.
- Overall trend is still bullish as long as support 1.3450 holds.
- On the lower side minor support is around 1.3500 and any break below targets 1.3480/1.3450.
- The pair's resistance is around 1.3550 and break above targets 1.3694/1.3840.
It is good to buy at dips around 1.3500 with SL around 1.3450 for the TP of 1.3690
