USD/CAD has declined sharply to trade around 1.3267 levels, from yesterday's high at 1.3368 levels. However, the pair has rebounded and is consolidating around 1.3244 support levels, the pair is set to advance further towards 1.3300 levels and 1.3380 in the short term as oil-correlated Canadian dollar is set to weaken against US dollar in the coming sessions. Therefore its good buy this pair on dips.The immediate support can be seen at 1.3244, break below this level will expose the pair to next support level at 1.3192.
- Major resistance can be seen at 1.3294, break above this level will expose it towards 1.3357 levels.
Recommendation: Go long around 1.3245 with targets at 1.3300, 1.3350 SL 1.3180.
Resistance Levels
R1: 1.3294 (38.2% Retracement level)
R2: 1.3325 (Nov 12th high)
R3: 1.3357 (23.6% Retracement level)
Support Levels
S1: 1.3244 (50% Retracement level)
S2: 1.3221 (Nov 11th low)
S3: 1.3192 (61.8% Retracement level)


FxWirePro: AUD/USD hovers near 3-year peak, scope for further upside
GBPJPY Stuck in Bearish Box — Sell Rallies While 212 Caps the Upside
GBPJPY Bears Reload: 212 Ceiling Unyielding, Targets 208 & Below
FxWirePro: USD/CAD extends downtrend eyes 1.3550 level
AUD/JPY Bounces Off Support — But 108 Still Caps the Upside
Trump's "Great" Dollar Sends USD/CHF Crashing to 2011 Lows
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD loses momentum but outlook is bullish
FxWirePro: EUR/ NZD edges higher but bulls lack punch
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
Bearish Storm Brewing: Pair Trapped Below Key EMAs, Sell the Rally
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD recovers slightly from early decline but bears are not done yet
FxWirePro- Major European Indices
FxWirePro: GBP/USD bulls struggles as upside momentum fades
NZDJPY on Thin Ice: Sell the Rally as Bearish Setup Holds Below 93
FxWirePro- Major European Indices 



