EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path 
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption 
FxWirePro: USD/ CNY remains soft ahead of Fed decision 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI 
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
FxWirePro: AUD/USD dips after RBA Governor speech 
FxWirePro- Woodies pivot (Major) 
GBP/CAD chart - Trading View
Technical Analysis: Bias turning Bullish
- GBP/CAD was trading 0.35% higher on the day at 1.7321 at around 10:45 GMT
- Price action has bounced off daily cloud
- The pair is extending break above 200-DMA, RSI is above 50 and biased higher
- GMMA indicator shows major and minor trend are turning bullish
- MACD is above zero, well in the positive territory
Support levels - 1.7278 (200-DMA), 1.7222 (Daily cloud), 1.7169 (50-DMA)
Resistance levels - 1.7335 (200H MA), 1.7450 (Upper week BB), 1.7656 (110-month EMA)
Summary: A drop in oil prices is keeping the CAD depressed, adding upside support to the pair. On the other side, some optimism about falling UK covid cases supports sterling.
Upside bias reinforced as price action extends 200-DMA breakout. Scope for test of 110-month EMA at 1.7656. Retrace below 200-DMA negates any further upside in the pair.
