• EUR/CAD steadied on Tuesday after the German parliament elected conservative leader Friedrich Merz as chancellor.
• Conservative leader Friedrich Merz was elected German chancellor in a second round of voting, following an unexpected initial defeat earlier in the day.
• The move supported euro demand against the Canadian dollar, which remained under pressure following softer oil prices and a narrowing Canadian trade surplus.
• On the data front,Canada's trade deficit narrowed to C$506 million ($366.34 million) in March, beating expectations as imports fell at a faster rate than the drop in exports.
• Immediate resistance is located at 1.5758(April 30th high), any close above will push the pair towards 1.5854(23.6%fib).
• Support is seen at 1.5606(38.2%fib) and break below could take the pair towards 1.5545(Lower BB).
Recommendation: Good to buy around 1.5630, with stop loss of 1.5550, and target price of 1.5730


FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro: EUR/ NZD stuck in range but maintains bullish bias
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts 



