• USD/CAD breaks previous high of 1.37574 made on May 2nd 2017 and jumped till 1.37934 on account of weak crude oil prices.


• Oil prices extends its overnight loss and breaks the yesterday low of $45.26 and declined till $43.73 at the time of writing on account of growing fears over increasing supply. Oil has been under pressure in recent weeks that increased shale production derailing efforts by other major producers.
   
• Lonnie is facing strong psychological resistance at 1.3800 and any break above targets 1.38288 (61.8% retracement of 1.36054 and 1.2498)/1.39115.


• On the lower side, 1.3700 (4H 21 EMA) will be acting as near term support and any break below targets 1.3645 (55- 4H EMA)/1.3595. Minor weakness can be seen below 1.35295 (Apr 27th 2017 low).
  
  It is good to buy on dips around 1.3700 with SL around 1.3645 for the TP of 1.3795/1.38280.