USD/CAD has halted its eight day of bullishness and shown a minor decline of more than 50 pips from the high of 1.30717. The slight decline in US yield and dip in crude oil price has supported Canadian dollar.It is currently around 1.30073.
US CPI data came at slightly weaker than expected. Headline CPI came at 0.1% compared to forecast of 0.2% and annual CPI came at 2.3% less from 2.7% previous month. US 10 year bond yield shown a minor selling till 3.12% form the high of 3.25% and is currently trading around 3.17% and 2 year yield also lost more than 4% till 2.83% and is trading around 2.86%.
Crude oil has lost more than $3 after US EIA inventory report which shows that inventories climbed by 6.0 million barrels in the week of Oct 5 compared to analyst forecast of an increase of 2.3 million barrels. Any daily close below $72 confirms minor weakness and decline till $70 is possible.
On the higher side near term resistance is around 1.3050 (100 -day MA) and any close above targets 1.3080/1.3175.
The near term support is around 1.3000 and any violation below targets 1.2965/1.2920/1.2870 (200- day MA)/1.27800. Any break below 1.27800 confirms bullish continuation.
It is good to buy on dips around 1.3000 with SL around 1.2960 for the TP of 1.3080/1.3175.


FxWirePro- Major European Indices
FxWirePro: GBP/NZD reverses course, bias back to downside
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: USD/CNY falls to three-year high, scope for further downside
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede
FxWirePro- Major Crypto levels and bias summary 



