• USD/CAD corrected lower from fresh 11-year highs around 1.3460 hit overnight, momentum still remains positive
  
  
• The pair opened Noram markets 1.3399, -22 pips vs the previous close, day's range 1.3429/3388
  
  
• The Canadian dollar is likely to remain under pressure in light of Canadian GDP figures and U.S. ADP data 
  
  
• The pair is currently trading at 1.3401, and only a daily close below 1.3235 will shift the bias back to the downside
  
  
• Immediate resistance is seen at 1.3457 (2015 High Sep 29) ahead of 1.3470 (61.8% Fibo 1.6197-0.9059)
  
  
• Supports on the downside are seen at 1.3373 (Daily Low Sep 29) and further below at 1.3319 (Daily Low Sep 28)

Resistance Levels:

R1: 1.3457 (2015 High Sep 29)

R2: 1.3470 (61.8% Fibo 1.6197-0.9059)

R3: 1.3500 (Psychological Level)

Support Levels: 

S1: 1.3373 (Daily Low Sep 29)

S2: 1.3319 (Daily Low Sep 28)

S3: 1.3297 (Daily Low Sep 25)