FxWirePro: USD/CAD spikes to 1.3378, focus on U.S. data

USD/CAD opened Noram markets 1.3350, 12 pips higher compared to Friday's close.

• The pair spikes to hit day's highs at 1.3378 after trading relatively muted in the Asian session, holding within the 1.3315/1.3345 range
   
• Glencore share price losses helping weigh on commodity currencies, oil price drop also adds to the pressure
   
• Canadian data calendar remains quiet until Wednesday's monthly GDP reading for July
   
• US personal income/PCE, pending home sales, Dallas Fed due later in the day to influence direction 
   
• The pair is currently trading at 1.3367, with immediate resistance at 1.3377 (30-Day Upper Bollinger) and support at 1.3319 (Session Low Sep 28)

Resistance Levels:

R1: 1.3377 (30-Day Upper Bollinger)

R2: 1.3400 (Psychological Level)

R3: 1.3417 (2015 High Sep 24)

Support Levels:

S1: 1.3319 (Session Low Sep 28)

S2: 1.3297 (Daily Low Sep 25)

S3: 1.3254 (21-DMA)