- USD/CAD has halted its uptrend after a two weeks of bullishness. The pair has jumped more than 300 pips from temporary bottom of 1.25275 made on Apr 17th 2018. BOC governor Poloz said yesterday that economy is growing strong but there was still softness in several areas of the country. BOC governor also told Senate banking committee that interest rates would go up from current levels but drastic rise will lead to financial stability risk.
- WTI Crude oil prices has shown a minor decline on rising inventory. EIA crude inventory data released yesterday shows crude stock buildup of 2.2M compared to forecast of decline of 1.6M.But US re impose sanctions on Iran It is currently trading around $67.80.
- Technically near term resistance is around 1.29000 and any convincing break above targets 1.2940/1.3000. Overall bullish continuation only above 1.3125.
- On the lower side, near term support is around 1.2780 and any break below will drag the pair down till 1.2730/1.2680/1.2635.
It is good to buy on dips around 1.2835-40 with SL around 1.2790 for the TP of 1.2945/1.3000.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 



