FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
Significant Resistance - 1.2800
USDCAD has formed a triple top around 1.2800 and shown a minor decline. The surge in crude oil prices due to geopolitical tension is supporting the Canadian dollar. It has touched a 7-year high as Russia could invade Ukraine any day. The slight policy divergence between the US fed and Bank of Canada prevents further downside. It hits an intraday low of 1.27112 and currently trading around 1.27137.
Technical:
USDCAD is holding below short-term (21 EMA) and above medium-term (55 EMA), and long-term ( 200 MA) in the 4- hour chart.
ADX- Neutral
CCI (50) above zero line and Woodies CCI below zero line.
Resistance to be watched- 1.2800, 1.2860, and 1.2900.
Support- 1.2660, 1.2600, 1.2500.
It is good to buy on dips around 1.2678-80 with SL around 1.2638 for a TP of 1.2800.
