FxWirePro: USD/CAD bulls continue to hold the higher ground 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/ZAR sell bias remains below key resistance zone 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: USD/JPY edges higher but bulls lack punch 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Woodies pivot (Major) 
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets 
FxWirePro: EUR/AUD downward momentum remains in place 
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases 
FxWirePro: GBP/USD recovers some ground but bears are not done yet 
FxWirePro- Major Crypto levels and bias summary 
WTI crude oil pared some of its gains despite OPEC production cuts. The Organization of the Petroleum Exporting Countries (OPEC) decided to extend its production for quarter two of 2024. Russia will cut its output by 471000 barrels per day until the end of June. It hit a high of $80.82 and is currently trading around $78.49.
Major factors for crude oil price movement-
US dollar index (Bearish)- Positive for Crude. Major resistance - 104.20/105. Major support- 103.40/102.80.
Geopolitical tension- Escalation of Middle East tension (Positive for crude)
Ichimoku analysis (4- hour chart)
Tenken-Sen- $79.36
Kijun-Sen- $79.25
The immediate resistance is around $81. Any jump above $80 targets $83.50/$85. On the lower side, near-term support is around $77.70. Any breach below will drag the commodity down to $76/$75.51.
It is good to buy on dips around $75 with SL around $73 for TP of $80/$83.
