• 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
  
  

Resistance Levels:

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)