USD/CAD has slipped back towards 1.3229 levels after hitting high yesterday around 1.3280 levels. The Canadian dollar's weakness is not only attributed to a stronger dollar, but also linked to falling oil prices. Currently the pair has broken support level at 1.3221 and inching downwards to test next support level.
- The currency pair is set to consolidate around 1.3149 levels and rebound back towards 1.3250 and later towards 1.3300 levels, therefore it's good to buy this pair on dips.
- The immediate support can be seen at 1.3200, break below this level will expose the pair to next support level at 1.3120 levels.
- Major resistance can be seen at 1.3281, break above this level will expose it towards 1.3330.
Recommendation: Go long above 1.3150 with targets at 1.3250, 1.3290 SL 1.3040.
Resistance Levels
R1: 1.3281 (Oct 27th high)
R2: 1.3313 (23.6% Retracement level)
R3: 1.3358 (Sep 23rd high)
Support Levels
S1: 1.3200 (Psychological levels)
S2: 1.3146 (50% Retracement level)
S3: 1.3120 (Oct 26th lows)


FxWirePro- Major European Indices
ETHUSD Breaks $3000 — Bulls Charge Toward $3500+ After BTC Lead
FxWirePro: EUR/ NZD edges higher but bulls lack punch
FxWirePro: GBP/USD bulls struggles as upside momentum fades
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD stuck in range but maintains bearish bias
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
GBPJPY Stuck in Bearish Box — Sell Rallies While 212 Caps the Upside
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD extends rally to fresh 3-year high
FxWirePro: USD/CAD extends downtrend eyes 1.3550 level
Trump's "Great" Dollar Sends USD/CHF Crashing to 2011 Lows
FxWirePro: EUR/AUD attracts selling interest, could be on verge of a bigger drop
AUD/JPY Bounces Off Support — But 108 Still Caps the Upside
FxWirePro: EUR/ NZD falls below 1.9800, bears keep the advantage 



