- Weakness around crude oil prices buoyed USD/CAD spot well above the 1.3100 handle
- Oil prices dropped to multi month lows on Monday as OPEC supply rises in July and demand concerns on weak China data
- USD/CAD spot jumped to a new multi-year high at 1.3169, currently paring some gains to trade at 1.3161
- Momentum is bullish, Tenkan & kijun lines positively aligned, further gains likely
- U.S. ISM Manufacturing and Personal Spending/Income data due later in the day in focus for further direction
R1: 1.3175 (2015 High Aug 3)
R2: 1.3200 (Psychological Level)
R3: 1.3264 (30-Day Upper Bollinger)
Support Levels:
S1: 1.3081 (Session Low Aug 3)
S2: 1.3018 (Tenkan-Sen)
S3: 1.2944 (Daily Low Jul 30)


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