USDCAD is trading in range between 1.33770 and 1.34940 for past three trading days. Lonnie shown a good recovery of more than 100 pips on account of weak oil price.Crude oil was trading weak for past 2-week and declined more than 10%. It has lost more than $2 after Trump’s tweet about US-China trade tariff. Trump made it clear that US will impose more tariffs on Chinese goods. It will hike import duty of 200bn Chinese goods from 10% to 25%. It hits high of 1.34934 and is currently trading around 1.34781.
On the lower side, near term support is around 1.3430 and any violation below target 1.3390 (20- day MA). Major weakness can be seen only below 1.3380-90. Any break below will drag the pair further down till 1.3300/1.3270.
The major resistance is around 1.35215 high made on Apr 24th and any convincing break above targets 1.3580/1.3660.
It is good to buy on dips around 1.3430 with SL around 1.3390 for the TP of 1.3520/1.3580.


FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
Pound Under Pressure as Yen Stabilizes: GBPJPY Bears Target 208 as Key EMAs Hold Resistance
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Ethereum Retreats Toward USD 2,000: Technicals Signal Caution as ETH Mimics Bitcoin’s Pullback
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro: GBP/USD recovers but bears are not done yet again
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains 



