FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY hits 15-month low , scope for further downside 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CAD dips below lower range, bearish bias increases 
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 
USD/CHF Bears in Control: Dips Below 0.7870 Signal More Downside Ahead 
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists 
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes 
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target 
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
Ichimoku analysis (Hourly Chart)
Tenken-Sen- 1.27589
Kijun-Sen- 1.27247
USDCAD has formed almost a double bottom around 1.2630 and shown a massive jump of more than 150 pips. The broad-based US dollar strength and weakness in WTI crude is putting pressure on the Canadian dollar. Markets eye BOC monetary policy meeting tomorrow for further direction. USDCAD hits an intraday high of 1.27959 and currently trading around 1.27869.
WTI crude oil lost more than $2 after hitting a fresh 10-month high of $53.89 as Biden may cancel the Keystone XL pipeline. Any violation below $51.75 confirms bearish continuation, a dip till $50 likely.
Technically, the pair faces near term resistance at 1.2800. Any indicative break above will take till 1.2835/1.2865/1.2900. The near term support is around 1.2750; an indicative violation below will take to the next level till 1.2700/1.2660/1.2630.
It is a good buy on dips around 1.2750 with SL around 1.2700 for TP of 1.2865.
