- Canadian dollar is trading lower against all major pair yesterday on account of weak oil prices. Loonie jumped sharply till 1.35237 after forming minor bottom around 1.34263 yesterday. It is currently trading around 1.35062.
- Crude oil declined sharply almost 5% yesterday after weaker than expected inventory data. The higher than expected buildup of 3.3 million barrels compared to forecast of 3.5 million barrels drop in inventory. Crude oil prices dropped till $45.63 from the previous close of $47.95.
- USD/CAD is facing strong resistance around 1.35469 (Jun 2nd 2017 high) and any break above will take the pair till 1.35820 (200 – 4H MA)/1.36377 (61.8% retracement of 1.37905 and 1.33935).
- On the lower side, minor support is around 1.3480 (21- 4 H MA) and any break below will drag the pair till 1.3410/1.3380 (May 25th 2017).
It is good to buy on dips around 1.35000 with SL around 1.34450 for the TP of 1.3635/1.3680.


FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD steadies ahead key data, BoE event risk
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 



