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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
USDCAD has recovered sharply more than 100 pips from an intraday low of 1.30363 after BOC monetary policy. BOC kept its rates unchanged at 1.75% as expected. The dovish comments by the central bank increased bets for rate cuts in the coming months. The pair hits an intraday high of 1.3140 and is currently trading around 1.3176.
WTI crude oil continues to trade lower after showing a minor jump till $58.77 yesterday and is trading well below 220- day MA, a dip till $55 likely.
USDCAD is facing strong resistance around 1.31450, any further bullish continuation only beyond that level. Any break up targets 1.31800/1.3238.
On the flip side, near-term support is around 1.3060 and any indicative break under will drag the pair till1.3020/ 1.3000/1.29500.
It is good to buy on dips around 1.3020 with SL around 1.2970 for the TP of 1.31050.
