Major support - 1.3000
USDCAD is trading higher for the 6th consecutive day and jumped nearly 180 pips from low of 1.30159. The jump was mainly due to broad-based US dollar buying. US dollar index hits 6-week high and near term resistance is around 98. Any violation above targets 98.32. Markets eye US Advance GDP data for further direction.
The crude oil prices have shown a recovery of $1 after crude inventories take a huge drop. The upside is capped by 55- day EMA at $57.65 and any minor trend reversal only above that level. Any major bullishness only above $60.50.
Technically, on the flip side near term support is around 1.30130 and any violation below will drag the pair to the next level till 1.30850/1.3030/1.3000 level.
The major trend reversal only above 1.3200 and any break above will take the pair to net level till 1.3230/1.32905.
It is good to buy on dips around 1.3150 with SL around 1.3100 for the TP of 1.3290.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
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
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
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/USD rises as soft US data pressures dollar
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD bears maintain upper hand
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro- Major Crypto levels and bias summary 



