Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.35689
Kijun-Sen- 1.35953
USDCAD recovered more than 50 pips after weak Canadian retail sales data. It fell -26.4% to $34.5 billion in Apr compared to an estimate of -15.1%. The pair hits an intraday high of 1.35994 after the data and is currently trading around 1.35964.
WTI Crude oil has formed a double top around $40.50 and shown a minor selling. Any break below $39.70 confirms minor weakness. A dip till $38.80/$38.15 is likely.
Technically, significant support stands at 1.3500, and any violation below targets 1.3455 (61.8% fib)/1.3400 The near term resistance is at 1.3600, an indicative break beyond will take the pair to the next level till 1.3690. Significant buying only above 1.36900.
It is good to buy on dips around 1.3580-85 with SL around 1.3540 for the TP of 1.3690.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro:EUR/NZD gains some upside momentum but still bearish
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
FxWirePro- Major Crypto levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ CNY hits one-month low,scope for futher downside 



