Fxwirepro: from exhaustion, Usd / cad nevertheless preserved bovine pulse

On Tuesday, the USD / CAD pair reached up as the price of oil, one of the main exports to Canada fell and the dollar strengthened across the board in anticipation of higher Fed rates.
Since the rate hike is considered to have no less a fait accompli, investors expect the Fed meeting on Wednesday for only one reason. They are interested in further control steps.
Any suggestion that speaks in favor of tighter Fed policy rate hikes up to three times this year, the dollar could throw up.
The pair is trading around 1.3459 levels. In the short term, it is set to further advance to 1.3500 and 1.3550 marks.
Strong resistance was observed at 1.3525, above which the sample toss before the next pair of resistance lines in the area 1.3600.
Instant support is entrenched within 1.3440, a break below which will pave the way to the next level 1.3401.

resistance levels

R1: 1.3480 (38.2% correction level)

R2: 1.3525 (23.6% correction level)

R3: 1.3600 (the high of December 27)

support levels

S1: 1.3440 (50% correction level)

S2: 1.3401 (61.8% correction level)

S3: 1.3370 (low of March 6)

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