As per our analysis, CADJPY has formed a minor top around 82 and shown a sell-off on the weak Canadian dollar. USDCAD was trading higher and jumped more than 100 pips despite crude price spike. The Brent crude price jumped more than 20% for the day the first time for 28 years on the Saudi Aramco attack. USDJPY hits high of 108.35 and declined more than 50 pips on geopolitical tension. It hits low of 81.21 and is currently trading around
Markets eye Canadian CPI report which is to be released on Wednesday for further sharp movement.
On the flip side, 81.20 will be acting as near term support and any violation below will drag the pair till 80.97/80.25.
The near term resistance is around 81.65 and any jump above targets 82.10-82.20. Any daily close 82.20 (200 -day MA) will take the pair till 82.90/83.50.
It is good to sell on rallies around 81.35-40 with SL around 82.25 for the TP of 80.97/80.25.


FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: GBP/NZD stuck in range but outlook is bullish
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting 



