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- USD/CAD broke above the cloud top (1.3173) on Friday, but failure above cloud supporting bears
- A daily close above the cloud top will put the bias on upside, 1.3268 could be the next target
- Oil trades weak on the day after IEA said that oil sector investments are likely to decline further in 2016
- International benchmark Brent was down 1 cent at $47.98 a barrel, and over 11 percent below this month's high
- USD/CAD is currently trading at 1.3142 with immediate resistance at 1.3171 (cloud top) and support on the downside at 1.3040 (Daily Low Oct 23)
R1: 1.3171 (cloud top)
R2: 1.3184 (Session High Oct 26)
R3: 1.3198 (Daily High Oct 23)
Support Levels:
S1: 1.3040 (Daily Low Oct 23)
S2: 1.3015 (Tenkan-Sen)
S3: 1.3004 (Daily Cloud Base)
