FxWirePro- Major European Indices 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike 
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Major Pair levels and bias summary 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
Chart pattern- Bullish divergence (RSI and over sold)
- USD/CAD has declined sharply after hitting high of 1.23919. The pair broken previous low of 1.2280 and dipped till jumped till 1.22489 yesterday on better than expected Canadian GDP data and is currently trading around 1.23061.
- The Canadian economy grew at 0.4% in Nov compared to previous 0%. Out of 20 industrial sectors 17 sectors posted increases for the month. The gain was mainly due to good jump in manufacturing and mining, oil and gas extraction sectors.
- US crude has shown a good jump of almost more than $1.5 yesterday after survey showed that OPEC’s strong compliance with supply reduction offset news of US crude production crossed 10 million barrels per day. The commodity jumped till $65.39. It is currently trading around $65.24.
- Technically, major short term support is around 1.2240 and any break below will drag the pair till 1.2200/1.2065.
- On the higher side, near term major resistance is around 1.2380 and any break above will take the pair to next level till 1.2400/1.2435. Minor bullishness only above 1.2600.
It is good to sell on rallies around 1.2380-85 with SL around 1.2435 for the TP of 1.2200
