>USD/CAD opened around 1.3230 in today's Asian session and has declined towards 1.3184 support level. Currently the pair is attempting to break support level located 1.3184 and reach next support level located at 1.3140. However, the weakness may be limited around 1.3143 levels as this level has been strong support zone.
>the pair is set to consolidate around 1.3143 area and rebound towards 1.3280 in the short term. Therefore, it's good to enter long orders around 1.3140 levels.
>The currency pair is trading at 1.3182 levels, it is expected to reach 1.3240 levels and 1.3300 levels in the short term.
>The immediate support can be seen at 1.3180, break below this level will expose the pair to next support level at 1.3143.
>Major resistance can be seen at 1.3252, break above this level will expose it towards 1.3277 (23.6% Retracement level).
Recommendation: Go long above 1.3150 with targets at 1.3240, 1.3300 SL 1.3080.
Resistance Levels
R1: 1.3226 (38.2% Retracement level)
R2: 1.3252 (Sep 16th high)
R3: 1.3277 (23.6% Retracement level)
Support Levels
S1: 1.3180 (50% Retracement level)
S2: 1.3161 (Sep 16th lows)
S3: 1.3143 (61.8% Retracement level)
