USD/CAD has lost more than 130pips after hitting high of 1.33179 on Nov 20th 2018. The slight jump in Canadian dollar was due to broad based USD selling and minor recovery in crude oil prices. The pair hits low of 1.31820 and shown a 40 pips recovery. It is currently trading around 1.32232 (0.29% higher).
Brent crude is once again showing a decline after a minor jump. The commodity has broken the previous support at $61.75 and hits lowest level since Dec 2017. The spread between US oil and International oil prices has increased by almost $8 on increasing supply from U.S.
On the lower side, near term support is around 1.3165 (20 day MA) and any break below targets 1.3125/1.3069.
The near term resistance is around 1.3265 and any violation above targets 1.3300/1.3380. Any good jump only above 1.3385 level.
It is good to buy on dips around 1.3200 with SL around 1.3160 for the TP of 1.3315.


BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50 



