- CAD is consolidating in narrow range after hitting low of 1.28590. The pair is trading between 1.28590 and 1.29435. It is currently trading around 1.29102.
- Market awaits BOC monetary policy meeting today for further direction. BOC is expected to hike rates by 25bpbs to 0.75%. The odds of a rate hike sometime in 2017 went up from 22% to 72%.
- Crude oil prices raised sharply after Energy Information agency cuts its forecast of U.S production. U.S crude oil inventories fell by 8.1 million barrels in the week to Jul 7th to 495.6 million.
- On the higher side, major resistance is around 1.3000 and any break minor bullishness can be seen only above that level. Any break above will take the pair till 1.3045 (38.2% retracement of 1.33475 and 1.2856)/1.3100. The minor resistance is around 1.2325 (21- 4H EMA).
- The near term support stands at 1.2825 (Jun 9th 2017 low) and any break below will drag the pair till 1.27635.
It is good to sell on rallies around 1.2940-45 with SL around 1.300 for the TP of 1.2825/1.2765


FxWirePro: GBP/AUD positions for another drop, eyes 1.8900level
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR recovers slightly but trend is still bearish
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: EUR/AUD under pressure as key support gives way
FxWirePro: USD/CAD recovers slightly but bearish outlook persists
FxWirePro: USD/ZAR edges lower ,investors remain on edge
FxWirePro: GBP/USD biased higher but rally currently stretched
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro: USD/JPY holding bid into weekend
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD uptrend loses momentum but bullish setup remains
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 



