• USD/CAD initially dipped but recovered most of the ground on Monday as investors looked ahead to a possible interest rate cut by the Bank of Canada later this month..
• Rate cut expectations increased after Friday’s data showed Canada lost 65,500 jobs in August, pushing the unemployment rate up to 7.1%.
• Money markets are pricing in a 92% probability of a 25-basis-point rate cut on September 17, The BoC has kept rates steady at 2.75% at its last three meetings since March.
• Investors also anticipate a U.S. Federal Reserve rate cut on the same day, after Friday’s nonfarm payrolls report confirmed further deterioration in the labor market.
• Immediate resistance is located at 1.3850(50%fib), any close above will push the pair towards 1.3902(Higher BB).
• Support is seen at 1.3761(Sep 5th low) and break below could take the pair towards 1.3712(38.2%fib).
Recommendation: Good to buy around 1.3810, with stop loss of 1.3750 and target price of 1.3900


FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro- Major Crypto levels and bias summary
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption 



