• USD/CAD opened around 1.3175 in today's Asian session and has continued to decline from Fridays low, as the commodities co-related Canadian dollar has steadily gained against US dollar. The pair failed to break support level at 1.3050 and made rebounded towards 1.3125 levels. 
  
  
• The pair is set to continue its weakness further towards 1.3000 and later towards 1.2950 levels, as the resistance level at 1.3134 level is set to hold the bulls from advancing further and initiate further weakness for this pair, therefore, its good sell this pair below 1.3120 levels.
  
  
•  Immediate support can be seen at 1.3086, break below this level will expose the pair to next support level at 1.3058.
  
  
• Major resistance can be seen at 1.3134, break above this level will expose it towards 1.3175 (Oct 5th high) levels.
  
  Recommendation: Go short below 1.3120 with targets at 1.3000, 1.3295 SL 1.3220.
  
  Resistance Levels
  
  R1: 1.3110 (50% Retracement level)
  
  R2: 1.3134 (61.8% Retracement level)
  
  R3: 1.3175 (Oct 5th high)
  
  Support Levels
  
  S1: 1.3086 (38.2% Retracement level)
  
  S2: 1.3058 (23.6% Retracement level)
  
   S3: 1.3010 (Sep 18th lows)