FxWirePro- Crude oil Daily Outlook 
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FxWirePro: GBP/NZD drops to one week low with plenty more downside potential 
FxWirePro- Major Pair Levels and Bias Summary 
FxWirePro: GBP/NZD capped by the 38.2% fibonacci, good to sell on rally 
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 
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- Loonie has raised above Friday high of 1.29572 and declined from that level yesterday . Overall yesterday trend was very weak on account of better than expected existing home sales data of Canada and stronger crude oil prices.
- Sales of existing home sales rose 3.1 pct in Apr from Mar highest level ever.US oil prices hits new 2016 high on account of Nigeria oil disruption.
- Loonie has taken support near 200 4H MA and recovered from that level. On the lower side major support is around 1.2830 and any break below will drag the pair down till 1.2775/1.2754 (21 day MA).
- USD/CAD major intraday resistance around 1.2945 and any break above will take the pair till 1.29623 (yesterday high)/1.3005 (55 day H EMA).The pair should close above 1.3000 for further up move.
It is good to sell on rallies around 1.2950 with SL around 1.3010 for the TP of 1.28000/1.2755.
R1-1.2960
R2-1.3005
R3-1.30650
Support
S1-1.2830
S2-1.2775
S3- 1.2750
