USD/CAD BIG PICTURE PERSPECTIVE Price Action above long term Key Support Level 1.0576 keeps uptrend well intact . The more significant resistance is at 1.1183 and within those parameters we have an area of trading opportunities . For Long USD/CAD Position Trade or Swing , we have a pattern developing in the 1.0840 - 1.0805 area and it also coincide with 38.2 Fibonacci Retracement level . Below that look for 1.0700 Support and Key 1.0576 . Bullish view would however be compromised to some extent if we were trading well below 1.0804 for some extended period of time as Bearish structure would develop from that . http://smbu.us/smbwh -------------------------------------------------------------------------------------------------------------INTRADAY LEVELS Intraday Trading ; Longs , looking for validation setup at the 1.0908 - 1.0837 area. Shorts entering around 1.1095 as a first attempt with tight stops and 1.1186-1.1246 area for countertrend entry . http://smbu.us/smbwh