USD/CAD has gained today till 1.3660 to new 11 year high as oil hits New Year low of $36.38/bl yesterday.
- WTI Crude Oil has broken previous low of $37.63 and declined till $36.38 (2015 low). The pair has broken major resistance 1.36225 and jumped till 1.36593.
- Overall trend is still bullish as long as support 1.3500 holds.
- On the lower side minor support is around 1.3600 and any break below targets 1.3580/1.3530.
- The pair's resistance is around 1.3660 and break above targets 1.3694/1.3840.
It is good to buy at dips around 1.3580 with SL around 1.3530 for the TP of 1.3690
