Intraday bias - Bullish
USDCAD regained above 1.29000 after Canadian GPD data. It grew 0.3% in Apr, while an early estimate for May shows a decline of 0.2%. US dollar index pared some of its gains after downbeat personal spending and weak PCE. Markets eye the US ISM manufacturing index for further direction. The minor sell-off in oil prices also pushes the pair further higher. Technically in the 4 -Hour chart, the pair is holding above the short-term (55 EMA, and 21- EMA), and the long-term moving average of 200 EMA (1.28324). Any violation above 1.2860 confirms a bearish continuation. A dip to 1.2820/1.2778/1.2700 is possible. USDCAD hits an intraday high of 1.29199 and is currently trading around 1.29166.
The near-term resistance is around 1.2935, any breach above targets 1.2965/1.3000/ 1.3080.
Indicators (4 Hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to buy on dips around 1.2880 with SL around 1.2820 for TP of 1.3000.


EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro-Major European Indices
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance 



