- Canadian dollar declined sharply after weaker than expected Canada GDP data. The pair recovered after making a low of 1.24168 at the time of writing.
- Canada GDP for the month of Jul shows 0.0% vs 0.1% estimate and 3.8% vs forecast of 3.9% (YOY). The industrial product price index for Aug came at 0.3% vs 0.5% estimate.
- Loonie hits high of 1.25194 yesterday after forming a temporary bottom at 1.2060.The pair upside is capped on strong crude oil prices. WTI crude jumped till $52.83 on increasing tension in Iraqi Kurdistan.
- On the higher side, near term resistance is around 1.2525 (55- day EMA) and any break above will take the pair to next level till 1.2600/1.266 (Aug 31st 2017 high).
- The near term support is around 1.2430 (55- day EMA) and any break below will drag the pair down till 1.23600/1.23000.
It is good to sell on rallies around 1.2500 with SL around 1.2535 for the TP of 1.2405/1.2365.


FxWirePro: GBP/AUD recovers slightly but outlook is still bearish
FxWirePro: USD/ZAR gains upside momentum as bulls take charge
FxWirePro- Major Pair levels and bias summary
NZDJPY Dip-Buy Setup: 93.58 Holds as Bulls Eye 95–96
FxWirePro: EUR/ NZD under pressure after early buying dries up
FxWirePro: AUD/USD nurses losses in subdued trading
FxWirePro: EUR/AUD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro-Major European Indices
FxWirePro: GBP/AUD maintains bearish bias with focus on 1.8800
FxWirePro: GBP/NZD downtrend loses momentum but bearish setup remains
AUDJPY Dip-Buy Setup: 113.58 Entry Aims for 115
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD gains on upbeat UK retail sales data
FxWirePro: NZD/USD edges lower as Geopolitical risks keep risk sentiment fragile 



