USD/CAD Trade Idea

Loonie has broken major resistance 1.3350 which confirms short term bullishness and a jump till 1.3550 cannot be ruled out. It is currently trading at 1.3325. 

• Short term weakness can be seen only below 1.3250. Any break below 1.3250 will drag the pair further down till 1.3185/1.3150. 
   
• The pair's minor support is around 1.3280. 

It is good to buy at dips around 1.3320-25 with SL around 1.3249 for the TP of 1.3480/1.3550. 

Resistance

R1- 1.3350

R2-1.3480

R3- 1.3550

Support

S1-1.3280

S2-1.3249

S3-1.3185