FxWirePro: USD/CAD key support at 1.3280, buy deals are recommended above 1.3300

USD/CAD slipped backwards towards 1.3215 levels after the release of Canadian current account index in the early US session. However, decline is expected to be limited around 1.3280 levels as the pair is likely to find strong support around 1.3280 levels. 

• Currently the pair has rebounded after hitting support level at 1.3315 levels, and it is set to reach 1.3360 and 1.3430 levels in the short term. Therefore, and it's good to buy this pair on dips.
   
• The immediate support can be seen at 1.3315, break below this level will expose the pair to next support level at 1.3280.
   
• Major resistance can be seen at 1.3387, break above this level will expose it towards 1.3430 levels.
  
  Recommendation: Go long above 1.3300 with targets at 1.3360, 1.3390 SL 1.3240.
  
  Resistance Levels
  
  R1: 1.3340 (Nov 25th high)
  
  R2: 1.3387 (23.6% Retracement level)
  
  R3: 1.3430 (Nov 13th high)
  
  Support Levels
  
  S1: 1.3315 (38.2% Retracement level)
  
  S2: 1.3280 (Nov 27th lows)
  
  S3: 1.3256 (50% Retracement level)