USDCAD has once again recovered sharply more than 100 pips on broad-based US dollar buying. The Canadian dollar was one of the best performers this week due to a sudden surge in oil prices. The Middle East tension got slightly escalated after Trump tweeted that "instructed the US Navy to shoot down and destroy any Iranian gunboats harassing US ships". WTI crude oil declined more than 15% after jumping more than 35%. It hits a high of $18.52 and is currently trading around $16.43.
Technically, near term resistance is around 1.41150 and any violation below will drag the pair down till 1.4160/1.4200.
The immediate support is at 1.4000 and any indicative break above targets 1.3920/1.3850.
It is good to sell on rallies around 1.4098-410 with SL around 1.4160 for the TP of 1.3925.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro : GBP/NZD strongly bearish despite upside attempts
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips after Fed holds rates steady
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 



