• USD/CAD dipped on Tuesday as positive Canadian manufacturing data and higher oil prices outweighed stronger greenback.
• Canada’s manufacturing PMI increased to 50.4 in September 2024, up from 49.5 in August, marking the first improvement in operating conditions since April 2023.
•Oil prices surged by about 3% on Tuesday following reports that Iran was poised to launch a missile attack on Israel.
• USD/CAD was trading 0.23% down at 1.3493 after hitting daily high at 1.3541
• Technical signals are strongly bearish as RSI is at 36, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.3543 (50%fib), any close above will push the pair towards 1.3570 ( Sep 6th high)
• Strong support is seen at 1.3490 (38.2%fib) and break below could take the pair towards 1.3451(Lower BB).
Recommendation: Good to sell around 1.3500, with stop loss of 1.3580 and target price of 1.3410


FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro- Major Pair levels and bias summary
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 



