Iran and six major powers has reached historic nuclear deal, which will grant Tehran sanctions relief in exchange for curbs on its nuclear program.
WTI Crude oil prices is currently trading at $51.30 after a slight recovery till $51.50 in Asian session.
Technically USD/CAD is facing major resistance around 1.2780 and nay break above would extend gains till 1.2835/1.2880/1.3063.
On the downside minor support is around 1.2690 and break below will drag the pair further down till 1.2650/1.2600.
It is good to buy at dips around 1.2780 with SL around 1.2725 for the TP of 1.2835/1.2880/1.3065