FxWirePro: USD/CAD key résistance at 1.3134, sell deals are recommended below 1.3000

USD/CAD has slipped back towards 1.2991 levels, after failing to hold above1.3134 levels, Currently the pair is testing support level at 1.2987. A break below will unleash a strong bearish momentum towards 1.2940 levels. 

• The currency pair is trading at 1.2991 levels, it is expected to reach 1.2940 levels and 1.2900 levels in the short term. 
   
• The immediate support can be seen at 1.2987, break below this level will expose the pair to next support level at 1.2940.
   
• Major resistance can be seen at 1.3076, break above this level will expose it towards 1.3133 (Oct 6th high) levels.
  
  Recommendation: Go short below 1.3000 with targets at 1.2950, 1.2900 SL 1.3150.
  
  Resistance Levels
  
  R1: 1.3034 (50% Retracement level)
  
  R2: 1.3076 (61.8% Retracement level)
  
  R3: 1.3133 (Oct 6th high)
  
  Support Levels
  
  S1: 1.2987 (38.2% Retracement level)
  
  S2: 1.2940 (23.6% Retracement level)
  
  S3: 1.2907 (Aug 28th lows)