FxWirePro: USD/CAD key support at 1.3265, buy deals are recommended above 1.3280

USD/CAD slipped backwards towards 1.3282 levels after the release of Canadian CPI and retail data  in the early US session. However, after finding minor support at 1.3281 levels, the pair has rebounded strongly to trade around 1.3300 levels. The pair remains in bullish territory unless until it trades above 1.3250 levels, Therefore its good buy this pair around 1.3300 levels.

• The currency pair is trading at 1.3300 levels, it is expected to reach 1.3360 levels and 1.3390 levels in the short term. 
• The immediate support can be seen at 1.3282, break below this level will expose the pair to next support level at 1.3265.
• Major resistance can be seen at 1.3333, break above this level will expose it towards 1.3358 levels.

Recommendation: Go long above 1.3300 with targets at 1.3360, 1.3390 SL 1.3240.

Resistance Levels

R1: 1.3333 (Daily high)
R2: 1.3358 (23.6% Retracement level)
R3: 1.3371 (Nov 16th high)

Support Levels

S1: 1.3294 (38.2% Retracement level)
S2: 1.3265 (Nov 11th lows)
S3: 1.3243 (50% Retracement level)