USD/CAD keeps gains above 1.30, ISM eyed

The greenback is recovering the smile at the beginning of the week, now lifting USD/CAD to the mid-1.3000s ahead of the US docket.

USD/CAD attention to oil, data

The pair has recovered the upside momentum following a renewed bid tone around the buck after last week’s dreadful performance.

In the meantime, crude oil prices are advancing smalls and looking to prolong Friday’s recovery, lending support to CAD and somewhat limiting occasional bullish attempts.

Ahead in the NA session, US ISM Manufacturing will be the main highlight, expected to have eased a tad to 53.0 during the last month.

USD/CAD significant levels

As of writing the pair is up 0.18% at 1.3054 and a breakout of 1.3253 (high Jul.27) would aim for 1.3311 (38.2% Fibo of the 2016 down move) and then 1.3575 (50% Fibo of the 2016 down move). On the flip side, the next support aligns at 1.2998 (low Jul.29) followed by 1.2983 (55-day sma) and finally 1.2858 (low Jul.14).