- GBP/CAD is extending weakness for 7th straight week, bias lower.
- Shrinking expectations of a rate hike by the BoE at the May meeting keep GBP subdued.
- While on the other side, the Canadian Dollar has gathered traction following the GDP release.
- Canadian GDP expanded at a monthly 0.4% during February and 3.0% over the last twelve months, both prints coming in above initial expectations.
- Technical indicators are biased lower on daily charts. The pair has broken below 100-DMA.
- Price currently holds support at 38.2% Fib at 1.7430, break below will see further weakness.
- Next major support lies at 110W EMA at 1.7372 ahead of 200-DMA at 1.7090.
- On the flipside, 100-DMA at 1.7597 is immediate resistance, break above will negate bearish bias.
Support levels - 1.7430 (38.2% Fib), 1.74, 1.7372 (110W EMA), 1.7090 (200-DMA)
Resistance levels - 1.7597 (100-DMA), 1.7645 (5-DMA), 1.77
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


FxWirePro: GBP/NZD downside pressure builds, key support level in focus
Chart of the Day: BTC Double Bottom Ignites — Buy Above $64,050 for $67K–$70K Blast-Off
FxWirePro: AUD/USD grinds higher amid risk appetite revival
FxWirePro- Woodies pivot (Major)
FxWirePro:EUR/NZD downtrend Intact, eyes 1.9500 level
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: NZD/USD eases as NZ unemployment surges in Q2
FxWirePro- Major Pair levels and bias summary
Currency Scores of Major Pairs: GBPUSD, AUDUSD & NZDUSD Top Charts at 85 — Bullish Pairs to Watch
FxWirePro: AUD/USD firms after upbeat consumer spending data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD consolidating around 1.9185, bias is bearish
AUDJPY Momentum Fades at 111: Sell Rallies to 108 as Bearish EMAs Dominate
FxWirePro : EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: USD/CNY edges higher, outlook bearish 



