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- Major resistance -1.3385 (trend line joining 1.35349 and 1.34939).
- Major support – 1.3320.
- Canadian dollar shows only mild recovery after failure of Trump care on account of weak crude oil. It is currently trading around 1.33900.
- Wti crude oil has once again declined till $47 after jumping till $48.45. Any break below $47 will drag the commodity down till $46.15.
- USD/CAD broken the trend line resistance around 1.3380 and any break above will take the pair till 1.3530 level.
- On the lower side , 1.3320 will be acting as near term support and any break below will drag the pair till 1.32600 (Mar 21st 2017 low).
It is good to buy on dips around 1.3390-95 with SL around 1.3320 for the TP of 1.3530.
Resistance
R1-1.3430
R2 -1.3500
R3- 1.3530
Support
S1-1.3320
S2-1.3260
S3-1.3200
