FxWirePro: USD/CAD maintains bullish bias with focus on 1.3300 levels
USD/CAD gathered momentum on Tuesday as oil fell and investors braced for a speech by Bank of Canada Governor Stephen Poloz as well as pending U.S. central bank monetary policy decision. Investors will be looking to see …
USD/CAD gathered momentum on Tuesday as oil fell and investors braced for a speech by Bank of Canada Governor Stephen Poloz as well as pending U.S. central bank monetary policy decision.
Investors will be looking to see whether Poloz emphasizes the downbeat tone of the Canadian central bank's most recent policy statement.
Currently, the pair is trading at 1.3232 levels, it is set to advance further towards 1.3280 and later 1.3340 levels in the short term.
Immediate support can be seen at 1.3173, break below this level will expose the pair to next support level at 1.3128.
Major resistance can be seen at 1.3300, break above this level will expose it towards 1.3390 levels.
