FxWirePro: USD/CAD holds above 1.3200, bias remains higher

Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria

• USD/CAD opened Noram marts 1.3221 +23 pips vs the close, currently trades at session highs by 1.3257 
   
• Big data day, Canadian PPI/RMPI data due later in the day, forecast "0" & -4.0% respectively. In the U.S. calendar, personal income and spending data coming up
   
• Widening Ichi cloud and bullish Stochs crossover suggest bias in the pair remains on the upside
   
• The next hurdle is located at 1.3305 (Daily High Aug 27), above which the pair could extend gains to 1.3350 (Aug 26 High) 
   
• To the downside, immediate support might be located at 1.3167 (Today's Low) levels and below that at 1.3144 (Daily Low Aug 25)

Resistance Levels:

R1: 1.3305 (Daily High Aug 27)

R2: 1.3350 (Daily High Aug 26)

R3: 1.3353 (2015 High Aug 25)

Support Levels: 

S1: 1.3167 (Session Low Aug 28)

S2: 1.3144 (Daily Low Aug 25)

S3: 1.3107 (Kijun-Sen)