- 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)
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)


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