Loonie consolidating in narrow range between 1.311875 and 1.31650 for past three trading session after hitting 2-1/2 low. The pair lost more than 100 pips after Fed kept its interest rates unchanged and pledges ‘patience’ stance on further hike. Canadian GDP data released yesterday shows that Canadian economy contracted slightly at -0.1% in the month of Nov .It is currently trading around 1.31405.
Markets eye US Non Farm payroll data which is to be released today for further direction . Any adverse change in average earnings will have major impact on USD.
On the higher side near term resistance is around 1.3170 and any break above targets 1.3197 (100- day MA)/1.3255/1.3300.
The near term support is around 1.3110 (200- day MA) and any violation below targets 1.3070 (300-day EMA)/1.3025.
It is good to sell on rallies around 1.3160 with SL around 1.3200 for the TP of 1.3070.


US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro: GBP/AUD drifts lower after BOE rate decision
JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness 



