Major resistance - 1.35200
USDCAD has shown nearly 100 pips jump from low of 1.3380 made on May 10th 2019. The pair jumped till 1.34874 and is currently trading around 1.34655. Crude oil is trading lower for past 20 days and lost more than $6 from high of $66.58.
On the higher side, any convincing break above 1.3520 confirms further bullishness and a jump till 1.3580/1.3600 is possible.
The near term support is around 1.3445 and any violation below targets 1.3380 (55- day EMA).
It is good to buy on dips around 1.3430 with SL around 1.3380 for the TP of 1.3580.
