• USD/CAD has made a strong recovery after finding support at 1.3047 on Friday
  
  
• Today the pair met headwind just shy of 1.3184 after extending north from 1.3120
  
  
• Tenkan line at 1.3037 provides solid support, while resistance on the upside is seen at 1.3180 (day's highs)
  
  
• Canadian calendar being void of data releases, Fed's Labour Market Conditions Index will be in focus, ahead of speeches by Fischer and Lockhart
  
  
• WTI trades slightly lower on the day around USD 43.75/barrel
  
  

Resistance Levels:    
    
R1: 1.3184 (Daily High Aug 7)

R2: 1.3197 (Daily High Aug 6)

R3: 1.3213 (2015 High Aug 5)

Support Levels:

S1: 1.3120 (Session Low Aug 10)

S2: 1.3049 (Daily Low Aug 7)

S3: 1.3037 (Tenkan-Sen)