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USDCAD TECHS

Clearing Major Support

AUDUSD TECHS

Sizeable Resistance Building

EURJPY TECHS

Needle Still Points North

USDJPY TECHS

Bullish Argument Down, But Not Out

EURGBP TECHS

Attention Is On Resistance

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Oil has made gains in the Asia-Pac session on Wednesday, WTI is $0.80 higher from settlement levels at $66.50/bbl while Brent is $0.85 higher at $69.73. Data after market from API yesterday showed US stockpiles fell 7.69m bbls, if this was followed up with a decline of the same magnitude at DoE stockpile data later today it would denote the biggest drop since January. Also aiding upside in oil is encouraging demand signals from the US where the vaccination drive is gathering steam amid a new target to vaccinate 70% of US adults with one dosage by July 4, while the UK is track to end lockdown measures in 7 weeks. The situation in India though has not shown signs of peaking and is tempering upside in oil.