• USD/CAD has recovered sharply after making a low of 1.32635 on Mar 21st 2017 low. It is currently trading around 1.33587.
   
• CAD is trading slightly weak against all major pairs on account of weak Crude oil prices. WTI crude oil declined slightly till $47.45 after showing a jump till $48.45. It is currently trading around  $47.87.
   
• According to US EIA , stockpiles increased further by 4.95 million barrels to 533.1 million barrels   compared to forecast of 2.8 million. Markets await Canada CPI report for further direction.
   
• On the lower side, the near support is around 1.3320 and any break below will drag the pair down till 1.3260/1.3220 (trend line joining 1.30088 and 1.30509).
   
• The major trend line resistance is around 1.3380 and any break above will take the pair till 1.34310 (61.8% retracement of 1.35349 and 1.32635)./1.35000.
  
  It is good to buy above 1.3380 with SL around 1.3320 for the TP of 1.3430/1.3500.