- USD/CAD hits 2 –week high at 1.29950 at the time of writing from low of 1.27496 almost 250 pips in previous week on account of huge decline in oil prices. It is currently trading around 1.29889.
- US is planning to impose import tariff for foreign automobiles .Mexico and Canada are currently the biggest supplier of US car imports, worth a combined $89 billion annually. If tariff comes into effect they would feel a massive amount of pain.
- WTI Crude oil prices has shown a huge decline of more than $3 after Saudi Arabia and Russia discussed easing supply curbs and they may increase supplies. It hits low of $65.78 and is currently trading around $66.76.
- Technically near term resistance is around 1.3000 and any convincing break above targets 1.3080/1.3125.Major bullish continuation only above 1.3125.
- On the lower side, near term support is around 1.2945 and any convincing break below will drag the pair down till 1.28850 (23.6% fibo)/1.2850 (7- day MA)/1.2800. the minor support is around 1.28500.
It is good buy on dips around 1.2940-45 with SL around 1.2880 for the TP of 1.3000/1.3050.


FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
FxWirePro:EUR/AUD eases but bullish outlook persists
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro- Major US Indices
FxWirePro- Major European Indices
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro- Major Crypto levels and bias summary
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/ZAR edges higher but bearish outlook persists
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: GBP/AUD moves lower on weak UK data 



