USDCAD has once again declined after showing a minor jump above 1.4110 levels. The pair hits high of 1.41201 and is currently trading around 1.40563. The crude oil prices got stabilized after a huge collapse previous week. According to CFTC Commitment of Traders report for the week ended Apr 21st, the number of NET Long in crude futures increased to 76511 contracts compared to last week and speculative long soared to 736248 from 700474.
WTI crude oil soared sharply till $18.52 after a minor decline below $0 level. It is facing powerful resistance around $20, any jump above that level confirms minor bullishness.
Technically, near term resistance is around 1.41200 and any violation beneath will drag the pair down till 1.4160/1.4200.
The immediate support is at 1.4000, any indicative break beyond 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.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525 



