USDCAD is trading higher after 2 days of consolidation. The pair has formed minor bottom around 1.30685 and shown more than 100 pips jump.DXY is rebounding strongly and jumped more than 100 pips from low of 95.16. The pair hits high of 1.31993 and is currently trading around 1.31941.
Crude oil prices has lost more than $2.5 from high of $63.62 as hedge fund and money managers has increased their short position. Brent has jumped more than $13 from low of $50.29 on OPEC production cut and U.S sanctions on Venezuela. It is currently trading around $61.15.
On the higher side, near term resistance is around 1.3200 (100- day MA) and any break above will take the pair to next level till 1.32700 (55- day EMA)/1.3300.
The major support is at 1.3120 (200- day MA) and any violation below will drag the pair down till 1.3070 (300- day EMA)/1.3000.
It is good to buy on dips around 1.3175-80 with SL around 1.3120 for the TP of 1.3300.


FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch 



