Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
FxWirePro : GBP/NZD strongly bearish despite upside attempts 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist 
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision 
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
FxWirePro: USD/CAD slips after Fed holds rates steady 
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds 
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum 
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Ichimoku analysis (Hourly Chart)
Tenken-Sen- 1.27589
Kijun-Sen- 1.27247
USDCAD has formed almost a double bottom around 1.2630 and shown a massive jump of more than 150 pips. The broad-based US dollar strength and weakness in WTI crude is putting pressure on the Canadian dollar. Markets eye BOC monetary policy meeting tomorrow for further direction. USDCAD hits an intraday high of 1.27959 and currently trading around 1.27869.
WTI crude oil lost more than $2 after hitting a fresh 10-month high of $53.89 as Biden may cancel the Keystone XL pipeline. Any violation below $51.75 confirms bearish continuation, a dip till $50 likely.
Technically, the pair faces near term resistance at 1.2800. Any indicative break above will take till 1.2835/1.2865/1.2900. The near term support is around 1.2750; an indicative violation below will take to the next level till 1.2700/1.2660/1.2630.
It is a good buy on dips around 1.2750 with SL around 1.2700 for TP of 1.2865.
