FxWirePro: USD/CNY outlook weaker on renewed downside pressure 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
EUR/JPY Retreats: Yen Strength Caps Rally, Bearish Bias Intact Below 183.15 
FxWirePro: USD/JPY slips as yen gains ahead of BOJ meet 
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: AUD/USD dips on soft China data 
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level 
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments 
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00 
- GBP/CAD has shown a decisive break at 200-DMA and hit 4-month highs at 1.70.
- CAD weakness post Bank of Canada (BoC) policy meet overnight propelled the pair higher.
- BoC left unchanged the repo rate at 1.00% and said that it will remain ‘cautious’ regarding further tightening.
- CAD dived across the board as market rules out further BOC rate hikes in Dec/Jan.
- The pair has currently paused upside at 1.70 handle, pared some gains to currently hover around 1.6967.
- Technical studies are bullish and breakout above 200-DMA reinforces scope for further upside.
- Next bull target lies at 1.7083 (61.8% Fib retracement of 1.7853 to 1.5837 fall).
- 50% Fib at 1.6845 offers immediate support, break below could see retrace upto 200-DMA. Bullish invalidation likely on break below 200-DMA.
Call update: Our previous call (http://www.econotimes.com/FxWirePro-GBP-CAD-hovers-around-200-DMA-at-16685-breakout-to-see-further-upside-965902) has hit all targets.
Recommendation: Book partial profits at highs. Trail stop loss to 1.6845. Hold for 1.7080/ 1.7170/ 1.72.
FxWirePro Currency Strength Index: FxWirePro's Hourly GBP Spot Index was at 111.265 (Bullish), while Hourly CAD Spot Index was at -143.834 (Bearish) at 0530 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
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