USD/CAD faces minor resistance around 1.30500, break above targets 1.3100/1.3173

• Major resistance – 1.3100
   
• Major support – 1.2920 (200 4H MA)
   
• Lonnie has broken psychological resistance 1.3000 and jumped till 1.30989. It is currently trading around 1.30264.
   
• Short term trend is slightly bullish as long as support 1.2920 holds.
   
• On the higher side, major intraday resistance is around 1.3050 and any break above targets 1.3100/1.31736 (23rd May high).
   
• The major support is around 1.2990 (hourly Tenkan-Sen) any violation below 1.2990 will drag the pair down till 1.2940/1.2920/1.2888 (daily Kijun-Sen).

It is good to buy above 1.3050 with SL around 1.2990 for the TP of 1.3100/1.3175