Ichimoku Analysis (4-hour chart)
Tenken-Sen- 1.40877
Kijun-Sen- 1.41309
USDCAD continues to trade lower and hits 1-week low at 1.39635. The decline was mainly due to broad-based US dollar selling. DXY formed a minor top around 100.93 and lost more than 100 pips as several new cases due to coronavirus slightly eased in the U.S, Spain, and Germany.
WTI crude oil struggles to break high of $29.11 made on Apr3rd as investor awaits clarity in production cut to be made by OPEC in meeting on Thursday.
On the flip side, immediate support is at 1.3920 and the violation below will drag the pair down till 1.3890/1.3440.
The near-term resistance is around 1.4050 and indicative break above targets 1.4090/1.4135.
It is good to sell on rallies around 1.401-15 with SL around 1.4050 for the TP of 1.3920/1.3890.


AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro- Woodies pivot (Major)
FxWirePro: AUD/USD gains some ground but outlook is bearish
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Pair levels and bias summary
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 



