Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.23903
Kijun-Sen- 1.23716
The pair declined sharply after the hawkish Bank of Canada monetary policy. The central bank has kept its rates unchanged and ended its quantitative easing. It has moved up its timeline to the "middle quarters of 2022". It hits an intraday low of 1.23010 and is currently trading around 1.23381. The short-term trend remains bearish as long as resistance 1.2500 holds.
Crude oil price-
WTI crude oil is trading weak after hitting a multi-year high at $85.35. Any breach below $82 confirms the intraday bearishness.
Intraday Trend –Bearish
The near-term resistance is around 1.2380, a breach above targets 1.2435/1.2480/1.2500.On the lower side, immediate support stands around 1.23000; violation below will take the pair down to the next level 1.2280/1.22238.
It is good to sell on rallies around 1.2380-85 with SL around 1.2435 for a TP of 1.2280.


FxWirePro- Major European Indices
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/AUD moves lower on weak UK data
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



