• USD/CAD has regained slightly yesterday almost more than 60 pips. The pair hits high of 1.29308 yesterday and shown a minor decline from that level. The good jump in loonie was due to slightly better than expected US final GDP data. The pair hits low of 1.28150 and any minor weakness only below 1.2800. It is currently trading around 1.29024.
   
• The pair has declined for intraday till 1.29048 and shown minor jump till 1.29113. Oil price has formed a temporary top around $66.52 and shown a more than 4% decline due to huge build up in US inventory and is currently trading around $64.25.
   
• Technically near term resistance is around 1.29335 (38.2% fibo) and any break above targets 1.2965/1.3000. Overall bullish continuation only above 1.3125.
   
• On the lower side, near term support is around 1.2800 and any break below will drag the pair down till 1.2760/1.2700.
  
  It is good to buy on dips around 1.2865 with SL around 1.2815 for the TP of 1.2962/1.3000.