Major support - 1.3000
USDCAD is trading higher for the 6th consecutive day and jumped nearly 180 pips from low of 1.30159. The jump was mainly due to broad-based US dollar buying. US dollar index hits 6-week high and near term resistance is around 98. Any violation above targets 98.32. Markets eye US Advance GDP data for further direction.
The crude oil prices have shown a recovery of $1 after crude inventories take a huge drop. The upside is capped by 55- day EMA at $57.65 and any minor trend reversal only above that level. Any major bullishness only above $60.50.
Technically, on the flip side near term support is around 1.30130 and any violation below will drag the pair to the next level till 1.30850/1.3030/1.3000 level.
The major trend reversal only above 1.3200 and any break above will take the pair to net level till 1.3230/1.32905.
It is good to buy on dips around 1.3150 with SL around 1.3100 for the TP of 1.3290.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD climbs to 4 -week high as ceasefire deal gives bulls traction
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire 



