USDCAD has once again declined after showing a minor jump above 1.3300. The pair has jumped till 1.33290 more than 250 pips and started to decline from that level. The decline in loonie was mainly due to better than expected Canadian jobs data and rising crude oil price. The pair hits low of 1.3230 on Friday and is currently trading around 1.32567.
Crude oil prices is trading higher for the day and jumped more than $1.5 in two hours of trading on US-China trade optimism.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 $62.72.
On the higher side, near term resistance is around 1.3320 and any break above will take the pair to next level till 1.3380/1.3435/1.3500.
The major support is at 1.3230 and any violation below will drag the pair down till 1.3160/1.3070 (300- day EMA)/1.3000. the minor support is around 1.3160.
It is good to buy on dips around 1.3235-40 with SL around 1.3200 for the TP of 1.3380/1.3435.


Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD drifts lower after BOE rate decision
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
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
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
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 



