• EUR/CAD steadied on Tuesday after the German parliament elected conservative leader Friedrich Merz as chancellor.
• Conservative leader Friedrich Merz was elected German chancellor in a second round of voting, following an unexpected initial defeat earlier in the day.
• The move supported euro demand against the Canadian dollar, which remained under pressure following softer oil prices and a narrowing Canadian trade surplus.
• On the data front,Canada's trade deficit narrowed to C$506 million ($366.34 million) in March, beating expectations as imports fell at a faster rate than the drop in exports.
• Immediate resistance is located at 1.5758(April 30th high), any close above will push the pair towards 1.5854(23.6%fib).
• Support is seen at 1.5606(38.2%fib) and break below could take the pair towards 1.5545(Lower BB).
Recommendation: Good to buy around 1.5630, with stop loss of 1.5550, and target price of 1.5730


ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro:USD/JPY hovers near 40-year, bias bullish
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet
FxWirePro: GBP/USD falls as investors assess Britain's political transition
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
FxWirePro: AUD/USD edges higher as US- Iran war escalates 



