Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.36389
Kijun-Sen- 1.35780
USDCAD recovered more than 200 pips on broad-based US dollar buying. The demand for the US dollar increased after Florida imposed restrictions due to a surge in Coronavirus cases. The US University of Michigan consumer sentiment index edged higher to 78.1 (June) vs expectations of 79. The pair hits an intraday high of 1.37155 and is currently trading around 1.3141.
WTI Crude oil is trading weak after the number of new cases increased by 7.8% in Florida. A dip till $37.25/$36.40 is likely.
Technically, significant support stands at 1.3630, and any violation below targets 1.3580/1.35400/1.34808/1.3450 (61.8% fib). The near term resistance is at 1.3720, an indicative break beyond will take the pair to the next level till 1.3780/1.3830.
It is good to buy on dips around 1.3688-90 with SL around 1.3630 for the TP of 1.3800.


JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro : GBP/NZD strongly bearish despite upside attempts
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision 



