The USD/CAD pair staged a strong rebound yesterday, recovering from two month low at 1.2940. The pair lost ground once again on falling oil prices as the oil co-related loonie has lost ground against US dollar. The pair is trading around 1.3006 levels and it is set to consolidate around 1.2980 levels reach higher levels in the short term, therefore it is good to buy this pair around 1.2980.
- The immediate support can be seen at 1.2980, break below this level will expose the pair to next support level at 1.2947.
- Major resistance can be seen at 1.3065, break above this level will expose it towards 1.3100 levels.
Recommendation: Go long above 1.2980 with targets at 1.3040, 1.3080 SL 1.2900.
Resistance Levels
R1: 1.3014 (38.2% Retracement level)
R2: 1.3065 (23.6% Retracement level)
R3: 1.3082 (Oct 20th high)
Support Levels
S1: 1.2980 (50% Retracement level)
S2: 1.2947 (61.8% Retracement level)
S3: 1.2900 (Psychological levels)


Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
AUD/JPY Stalls Ahead of BOJ Decision: Sell on Rallies as Bearish Bias Holds Below 103.70
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/CAD recovers slightly but trend is still bearish
NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



