Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.27190
Kijun-Sen- 1.26856
The pair has pared most of its gains made the previous week and lost more than 300 pips. USDCAD corrects for a third consecutive day on decreasing Safe-haven demand. The reasons for the decline are
US dollar reversed as the chance of tapering by the Fed is expected to delay
The minor pullback in all major commodities.
WTI Crude oil price recovered more than 7.5%.
USDCAD is hovering near 21- day EMA. The overall trend remains bearish as long as resistance 1.2950 holds.
Trend –Bearish
The near-term resistance is around 1.2660, a breach above targets 1.2700/1.2750. On the lower side, immediate support stands around 1.25980; violation below will take the pair down to the next level 1.2550/1.2500.
It is good to sell on rallies around 1.2698-70 with SL around 1.2760 for a TP of 1.2500.


Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro- Woodies pivot (Major)
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary 



