- Loonie hits new 12- year high around 1.4108 yesterday and closed around 1.4075.
- The currency has been hammered heavily due to weak oil price, poor prospects for domestic economic growth and the policy divergence between US Fed and BOC .
- The CAD dropped more than 16 per cent against the [U.S. dollar] in 2015 and has fallen more than 30 per cent over the past three years.
- Loonie has broken major resistance 1.4120 and jumped till 1.4144 at the time of writing. It is currently trading around 1.4140.
- Any break above 1.4120 confirms further bullishness, a jump till 1.4536/1.4980 is possible.
- On the lower side major weakness can be seen only 1.3800 and any break below 1.3800 targets 1.3690/1.3550. The minor support is around 1.4040 and break below will drag the pair down till 1.3980/1.3927/1.3880.
It is good to buy at dips around 1.410 with SL around 1.3980 for the TP of 1.4500


FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major Crypto levels and bias summary
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro-Major European Indices
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88 



