- The Canadian dollar hits 14 month low on Friday on account of weak Crude oil prices. The pair hits 1.39675 and declining slightly from that level. It is currently trading around 1.3705.
- The pair is facing strong resistance of 1.3700 and any break of 1.3700 confirms major trend reversal, jump till 1.3838 (61.8% retracement of 1.4689 and 1.2460)/1.38590 is possible.
- US crude oil settles at lowest level in five weeks on Monday, on concerns of rising U.S crude output will offset the OPEC and large crude producers.
- Minor term trend is still bullish as long as support 1.35295 holds.
- On the lower side, minor near term support is around 1.3600 and any break below will drag the pair down till 1.35295 (Apr 27th low)/1.3480.Major short term support is around 1.3410.
It is good to buy on dips around 1.3640 with SL around 1.35900 for the TP of 1.3710/1.3838.
Resistance
R1-1.3700
R2 -1.3800
R3- 1.3838
Support
S1-1.3600
S2-1.3529
S3- 1.3410


FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
FxWirePro- Major Pair levels and bias summary
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data
FxWirePro: GBP/AUD under pressure after disappointing U.S. employment data
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro: AUD/USD eases as investors await U.S. employment figures
FxWirePro: EUR/ AUD neutral in the near term, scope further downside
EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide
AUDJPY Bears Poised: Sell Rallies at 111.55 for 108 Target with 112.20 Stop
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR gains some ground, but downtrend remains
FxWirePro- Major Pair levels and bias summary
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop 



