FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
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FxWirePro- Major Pair levels and bias summary 
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FxWirePro : GBP/NZD strongly bearish despite upside attempts 
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FxWirePro: USD/CAD slips after Fed holds rates steady 
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish 
FxWirePro- Major Pair levels and bias summary 
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Ichimoku analysis (1-Hour Chart)
Tenken-Sen- 1.26924
Kijun-Sen- 1.2720
USDCAD continues to trade lower despite the strong US dollar. The surge in crude oil prices to global economic recovery is also supporting the Canadian dollar. The optimism in corona vaccination and hopes of more stimulus has decreased demand for safe-haven assets like the US dollar. DXY has shown a minor recovery. Any jump above 90.65 confirms an intraday bullish trend. USDCAD hits an intraday high of 1.26744 and currently trading around 1.26986.
WTI crude oil hits fresh year high and broken significant resistance$58.60 after EIA raised price forecasts for 2021and 2022. The overall trend is bullish as long as support $57.20 holds.
Technically, the pair faces near term resistance at 1.27250. Any indicative break above will take till 1.2765/1.28000. The near term support is around 1.2680; an indicative violation below will take to the 1.2620/1.26000.
It is good to sell on rallies around 1.2728-30 with SL around 1.27650 for a TP of 1.2600.
