- USD/CAD has shown a minor jump from the low of 1.27496 made yesterday on account of deadline passing to reach NAFTA deal. The pair hits high of 1.2845 at the time of writing and slowly declined due to rising oil prices. It is currently trading around 1.28190.
- On Wednesday Bank of Canada Deputy governor Lawrence Schembri said that uncertainty about NAFTA negotiations is one of the reasons the central bank for low interest rates.Market eyes Canadian CPI and core retail sales data for further direction.
- WTI Crude oil prices has shown a good jump after better than expected US crude inventories. It hits 3 ½ year high on concerns that Iranian exports might fall due to US sanctions. It hits high of $71.86 and is currently trading around $71.60.
- Technically near term resistance is around 1.2860 (61.8% fibo) and any convincing break above targets /1.2925/1.2965/1.3000. Major bullish continuation only above 1.3125.
- On the lower side, near term support is around 1.2710 (61.8% fibo) and any convincing break below will drag the pair down till 1.2660/1.2600.
It is good sell on rallies around 1.2795-1.2800 with SL around 1.2855 for the TP of 1.2715.


FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major European Indices
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/JPY retreats as Japan signals possible FX intervention
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



