• USD/CAD rose on Thursday as dollar rebounded after data showed U.S. producer prices increased more than expected in July .
• A Labor Department report showed the US Producer Price Index rose 3.3% year-on-year in July, above the 2.5% forecast, and climbed 0.9% month-on-month, beating expectations of a 0.2% increase.
In the 12 months through July, the PPI increased 3.3% after advancing 2.4% in June.
• Separate data showed the number of Americans filing new applications for jobless benefits fell last week amid low layoffs.
• At GMT 05:07, the US dollar was down 0.16% to 0.6501 against the Canadian dollar.
• Immediate resistance is located at 1.3819(Daily high), any close above will push the pair towards 1.3867(50%fib).
• Support is seen at 1.3739(38.2%fib) and break below could take the pair towards 1.3655(July 11th low).
Recommendation: Good to buy around 1.3790, with stop loss of 1.3650 and target price of 1.3860


FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data
FxWirePro: GBP/AUD stuck in range but maintains bearish bias
AUDJPY Pares Gains: Bullish Trend Intact Above 114 Despite Profit-Taking
FxWirePro: GBP/USD cedes early gains ,outlook bearish
Gold Tumbles Below $4400 Amidst Hawkish Fed Signals: Sell Rallies for Targets Near $4200
NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path 



