The USD/ CAD has strongly bounced towards 1.3586 levels, after breaking above1.3550 resistance level. The pair has been trading in bullish trend off late as the Canadian dollar is weighted down by falling oil prices.
- The pair is set to continue advancing further, as long as the pair trades above 1.3480 levels. The pair has close below 1.3480 in order find any bearish momentum unless until it's good to go long on this pair.
- To the upside, the strong resistance can be seen at 1.3621, a break above this level would take the pair all the way towards 1.3700 levels.
- To the downside immediate support can be seen 1.3548, a break below this level will take the pair to next level at 1.3513.
Recommendation: Go long above 1.3520, targets 1.3580, 1.0640, SL 1.3470
Resistance Levels
- R1: 1.3592 (23.6% Retracement level)
- R2: 1.3621 (Daily high)
- R3: 1.3663
Support Levels
- S1: 1.3550 (38.2% Retracement level)
- S2: 1.3513 (50% Retracement level)
- S3: 1.3480 (61.8% Retracement level)


FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/CAD downside pressure builds, key support level in focus
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
GBPJPY Bulls on Guard: Buy the Dip at 206 as Support Holds Firm – Target 208 in Sight
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: GBP/AUD gains some upside momentum, but bearish outlook remains 



