Ichimoku analysis (Hourly Chart)
Tenken-Sen- 1.28362
Kijun-Sen- 1.28529
USDCAD is trading weak after a minor jump till 1.29571 on broad-based US dollar selling. The Canadian building permits jumped 12.9% in November compared to the forecast of 2.5%. The market is trading with weak volumes on holiday mood. Loonie hits an intraday low of 1.28212 and currently trading around 1.28240.
WTI crude oil surged more than $2 from a low of $46.04 on upbeat global sentiment. Any violation above $49.20 confirms bullish continuation.
Technically, the pair faces near term resistance at 1.2900. Any indicative break above will take till 1.2965/1.300. The near term support is around 1.2800; an indicative violation below will take to the next level till 1.2740/1.2680.
It is a good sell on rallies around 1.2868-70 with SL around 1.2920 for TP of 1.2765.


FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro : GBP/NZD strongly bearish despite upside attempts
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



