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FxWirePro- Woodies Pivot(Major) 
- USD/CAD has halted its uptrend after a two weeks of bullishness. The pair has jumped more than 300 pips from temporary bottom of 1.25275 made on Apr 17th 2018. BOC governor Poloz said yesterday that economy is growing strong but there was still softness in several areas of the country. BOC governor also told Senate banking committee that interest rates would go up from current levels but drastic rise will lead to financial stability risk.
- WTI Crude oil prices has shown a minor decline on rising inventory. EIA crude inventory data released yesterday shows crude stock buildup of 2.2M compared to forecast of decline of 1.6M.But US re impose sanctions on Iran It is currently trading around $67.80.
- Technically near term resistance is around 1.29000 and any convincing break above targets 1.2940/1.3000. Overall bullish continuation only above 1.3125.
- On the lower side, near term support is around 1.2780 and any break below will drag the pair down till 1.2730/1.2680/1.2635.
It is good to buy on dips around 1.2835-40 with SL around 1.2790 for the TP of 1.2945/1.3000.
