USD/CAD faces strong resistance at 1.2920, break above targets 1.3000/1.3045

• Major resistance- 1.2920 (daily Kijun-Sen and support turned into resistance )
   
• Loonie has jumped till 1.28773 today morning and is currently trading around 1.28707. It is facing resistance around 1.2905 and slight bullishness can be seen above that level.
   
• Any indicative break above 1.2920 will take the pair to next immediate level till 1.2958 (21 day MA)/1.3000/1.3045 level.
   
• On the lower major support is around 1.2830 and any indicative break below that level will drag the pair down till 1.2770/1.2739 in the short term.
   
• Markets are expected to trade quiet today on account of US FOMC monetary policy meeting.

It is good to buy above 1.2920 with SL around 1.2870 for the TP of 1.300/1.3045