• USD/CAD strengthened on Friday as stronger dollar offset upbeat Canadian retail sales data.
•The dollar firmed as investors weighed prospects for a Middle East peace deal and the possibility of further Federal Reserve rate hikes amid rising inflation.
• Canada's retail sales rose 0.9% in March, boosted by higher gasoline prices, while sales volumes fell 0.7%. Preliminary data showed sales likely increased another 0.6% in April.
• On Tuesday, data showed consumer prices increased less than expected in April, cooling expectations for Bank of Canada interest rate hikes this year.
• The price of oil CLc1, one of Canada's major exports, was trading 0.8% lower at $95.54 a barrel..
• Immediate resistance is located at 1.3841(38.2%fib), any close above will push the pair towards 1.3870(Higher BB).
• Support is seen at 1.3763 (50%fib) and break below could take the pair towards 1.3739(May 21s low).
Recommendation: Good to buy around 1.3800, with stop loss of 1.3740 and target price of 1.3880


Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
FxWirePro: AUD/USD remains buoyant, looks to extend gains
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely 



