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Minor trend line support- 1.3260
USDCAD is trading lower for 2nd consecutive days and lost more than 50 pips after better than expected Canadian wholesale trade data. It came at 1.7% much higher than the forecast of 0.0% and the increase was mainly due to strong sales in the personal and household sector. The pair hits an intraday low of 1.32494 and is currently trading around 1.32514.
WTI crude has lost more than $6 after a massive jump of 20% on Saudi drone attack. It hits low of $57.35 and is currently trading around $58.10.
On the flips side, the near term major intraday support is around 1.3235 and any violation below will drag the pair down till 1.3180/1.3135.
The near term resistance is around 1.3320 and any break above will drag the pair to next level 1.3385/1.3435.
It is good to sell on rallies around 1.3258-60 with SL around 1.3305 for the TP of 1.3140.
