Ichimoku analysis (Hourly Chart)
Tenken-Sen- 1.27353
Kijun-Sen- 1.27482
USDCAD has shown a minor recovery after hitting a 2-week low. Loonie was one of the best performers in the past 9 months on broad based US dollar selling and strong Crude oil price. The number of people who have filed for jobless benefits declines for a consecutive week. It came at 787K for the week ended Dec 26th compared to the forecast of 832K. USDCAD hits an intraday low of 1.27614 and currently trading around 1.27604.
WTI crude oil surged more than $40 from a low of $0.01 on upbeat global sentiment. Any violation above $51.20 confirms bullish continuation.
Technically, the pair faces near term resistance at 1.2765. Any indicative break above will take till 1.280/1.283. The near term support is around 1.2700; an indicative violation below will take to the next level till 1.26580/1.2600.
It is a good sell on rallies around 1.2868-70 with SL around 1.2920 for TP of 1.2765.


FxWirePro- Major Pair levels and bias summary
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FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
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FxWirePro- Woodies pivot (Major)
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 



