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FxWirePro: USD/CAD sustains gains as uptrend remains strong
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• USD/CAD advanced on Wednesday as investors digested U.S. and Canadian manufacturing PMI data .
• Separate data showed, U.S. private payrolls fell by 32,000 jobs in September, marking the largest decline in two and a half years.
• Technical highlight upside risks for USD/CAD, with momentum studies, 5, 10 and 11 DMAs tracking north.
• Immediate resistance is located at 1.3955(Daily high), any close above will push the pair towards 1.4000(Psychological level).
Recommendation: Good to buy around 1.3940, with stop loss of 1.3870 and target price of 1.4000