Intraday bias - Bullish
USDCAD regained above 1.3000 despite strong Canadian retail sales data. It rose 1.1% in June compared to an estimate of 0.40%. Core retail sales are expected to drop by 0.20% in Jul. Hawkish 50 bpbs rate hike by Fed in coming months supporting pair at lower levels. Markets eye US flash manufacturing PMI and durable goods order data for further direction. Technically in the 4-Hour chart, the pair is holding above the short-term( 21- EMA), 55- EMA, and the long-term moving average of 200 EMA (1.28815). Any jump above 1.3020 confirms the intraday bullish trend. A jump to 1.3080/1.3145 is possible. USDCAD hits a high of 1.30191 at the time of writing and is currently trading around 1.30025.
WTI crude oil pared some of its gains made the previous week on recession fears. Any breach below $85 confirms further bearishness.
The near-term support is around 1.2960, any breach below targets 1.2900/1.2870.
Indicators (4 Hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 1.2960-625 with SL around 1.2900 for TP of 1.3080.


EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: EUR/NZD steadies ahead of ECB meeting
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: NZD/USD sidelined ahead Of key New Zealand GDP and US inflation update
FxWirePro: GBP/NZD remains bullish as rally continues
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro- Major Pair levels and bias summary
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



