- USD/CAD declined almost more than 200 pips from 7- week high of 1.29937 made yesterday on account of rise in crude oil prices. Donald Trump announced yesterday that US will withdraw from 2015 nuclear deal and once again will re impose sanctions on Iran. US pulling out of deal a blow to allies and it will also increase Middle East tensions. Loonie hits low of 1.2775 at the time of writing and is currently trading around 1.27830.
- WTI Crude oil prices has broken $71 for the first time since 2014 on account of re impose of economic sanctions on Iran by US. Iran is second largest producer of in OPEC. It hits high of $71.86 and is currently trading around $71.55.
- Technically near term resistance is around 1.2865 and any convincing break above targets 1.2925/1.2965/1.300. Major bullish continuation only above 1.3125.
- On the lower side, near term support is around 1.2780 (55- day EMA) and any convincing break below will drag the pair down till 1.2710 (61.8% fibo)/1.2660/1.2600.
It is good sell on rallies around 1.2805-10 with SL around 1.2865 for the TP of 1.2717/1.2660.


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Crypto levels and bias summary 



