Intraday bias - Bullish
USDCAD gained for the third consecutive day on a strong dollar. Markets eye the Bank of Canada's monetary policy for further direction. The Canadian central bank expected to increase rates by 75 bpbs. US dollar index hits fresh 20- year high on upbeat US ISM services data. It came at 56.90 in Aug compared to a forecast of 55.40, the second consecutive monthly increase.
Technically in the 4-Hour chart, the pair is holding above the short-term( 21- EMA), 55- EMA, and the long-term moving average of 200 EMA (1.29797). Any jump above 1.3220 confirms a bullish continuation. A jump to 1.3300/1.3345/1.3420 is possible. USDCAD hits a high of 1.31718 and is currently trading around 1.31639.
WTI crude oil is trading weak for the second consecutive day on recession fears. Any breach below $85 confirms further bearishness.
The near-term support is around 1.3125, and any breach below targets 1.3070/1.3020/1.2965.
Indicators (4 Hour chart)
CCI (50)- Bullish
ADX- Neutral
It is good to buy on dips around 1.3070 with SL around 1.3000 for TP of 1.3220/1.3300.


FxWirePro: USD/CNY edges higher but bulls lack punch
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
FxWirePro: GBP/NZD gains some ground but outlook is bearish
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: GBP/AUD bears maintain upper hand 



