Major resistance 1.31500
Major support - 1.3000
USDCAD is consolidating after hitting a high of 1.31640. It is trading between 1.31640 and 1.31190 for the past two trading days. US dollar index has formed a double top around 97.80 and shown a minor selling from that level. Any break below 97.50 will drag the pair till 97.24/97. The chance of rate cut has slightly increased after weaker than expected Canadian CPI and retail sales data. It is currently trading around 1.3138.
The crude oil prices have shown a recovery of $1 after crude inventories take a huge drop. According to EIA US crude inventories fell 10.84 million barrels compared to forecast of -4.2M. Any major bullishness only above $60.50.
Technically, on the flip side near term support is around 1.30760 and any violation below will drag the pair to the next level till 1.3030/1.3000 level.
The major trend reversal only above 1.3150 and any break above will take the pair to net level till 1.3230/1.32905.
It is good to buy on dips around 1.3100 with SL around 1.3060 for the TP of 1.3290.


FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro- Major Crypto levels and bias summary
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist 



