• USD/CAD firmed on Friday as Canadian dollar weakened ahead of potential interest-rate cut by the Bank of Canada next week.
• Market expect the Bank of Canada to cut its rate by 25 basis points on September 17, citing a weakening labour market and slowing economic activity, with at least one more reduction anticipated next quarter.
•Official data last week showed Canada’s economy lost 65,500 jobs in August, driving the unemployment rate to a nine-year high outside pandemic periods.
• Canada’s central bank is under increasing pressure to resume easing after keeping rates unchanged since March, following a cumulative 225-basis-point cut—one of the most aggressive among G10 peers.
• At GMT 16:28, the dollar was up 0.19% to 1.3858 against the Canadian dollar.
• Immediate resistance is located at 1.3904(50%fib), any close above will push the pair towards 1.3933(Higher BB).
• Support is seen at 1.3824(SMA 20) and break below could take the pair towards 1.3806(38.2%fib).
Recommendation: Good to buy around 1.3830, with stop loss of 1.3750 and target price of 1.3900


Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
FxWirePro: USD/CNY outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data 



