USD/CAD was trading higher and hits 18- month high on account of declining crude oil prices and weak Canadian economic data. Canadian manufacturing sales came at -0.1% in Oct to $58.2 billion compared to forecast of 0.4%.pair hits intraday high of 1.34200 and currently trading around 1.34050.
WTI crude oil price has declined more than 8.5% and hits fresh low of $57.17 on increasing US oil supply. API report shows increase in crude oi inventory build of 3.45 million barrels compared to forecast of 2.475 million barrels.It is currently trading around $46.61.
On the lower side, near term major support is around 1.3320 and any break below will drag the pair till 1.3250/1.3160.
The pair is facing major resistance around 1.3500 and any break above targets 1.3585/1.3600 is possible.
It is good to buy on dips around 1.3440 with SL around 1.3370 for the TP of 1.3600.


All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: AUD/USD cedes early gains ,outlook bearish
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro- Major Crypto levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro- Major Pair levels and bias summary
DAX & CAC40 Score Perfect 100 Trend, FTSE100 Lags at 85 – Key Levels to Watch on the Perfect Scorers
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



