• USD/CAD rose higher on Thursday as U.S. dollar extended gain after upbeat US economic data.
• The Labor Department reported on Thursday initial claims for state unemployment benefits dropped 4,000 to a seasonally adjusted 217,000 for the week.
•In the latest reading on inflation, the producer price index (PPI) for final demand rose 0.2% last month, matching expectations, after an upwardly revised 0.1% gain in September.
• The data comes after Wednesday's consumer price index (CPI) climbed as expected in October despite increasing expenditures for housing, such as rent.
• The results did not modify the Federal Reserve's forecast for a third interest rate cut next month.
• Immediate resistance is located at 1.4040(23.6%fib), any close above will push the pair towards 1.4054(Higher BB).
• Support is seen at 1.3988(Daily low) and break below could take the pair towards 1.3937( (38.2%fib).
Recommendation: Good to buy around 1.4010, with stop loss of 1.3920 and target price of 1.4090


FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro- Major Pair levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance
FxWirePro: GBP/NZD gains some upside momentum but still bearish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside
JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish 



