USDCAD trades lower and lost more than 140 pips on hawkish hold by BOC. The central bank has kept its rates unchanged at 1.75% as expected and comments are hawkish compared to previous Oct policy. They are more upbeat on the Canadian economy despite ongoing trade war uncertainties. The pair hits an intraday low of 1.31771 and is currently trading around 1.31840.
WTI crude oil recovered sharply till more than $2 yesterday on trade hopes. Markets eye OPEC meeting, which is to happen today for further direction.
Technically, the pair has broken major support at 1.3180 and this confirms weakness, a dip till 1.3135/1.3090 likely. Extreme bearish continuation only beneath 1.3020.
On the higher side, near term resistance is around 1.3260 and any violation beyond targets 1.3300/1.3385. Trend reversal only over 1.3385.
It is good to sell on rallies around 1.3200-05 with SL around 1.3260 for the TP of 1.3090.


FxWirePro- Major Pair levels and bias summary
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: GBP/AUD drifts lower after BOE rate decision
FxWirePro- Woodies pivot (Major)
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: NZD/USD consolidates overnight gains, but loses momentum
FxWirePro- Major Crypto levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary 



