• USD/CAD edged lower on Friday as investors assessed Canadian gross domestic product data that reinforced expectations of the Bank of Canada implementing an interest-rate cut next month.
• Canada's economy grew as anticipated at an annualized rate of 1% in the third quarter, according to data released on Friday. This growth was driven by household and government spending, although it was partly offset by declines in business investments and exports.
•For September, gross domestic product (GDP) increased by 0.1%, a slower pace than expected, as reported by Statistics Canada. A preliminary estimate for October also indicated a modest 0.1% growth.
• A daily close below 38.2%fib will further improve the technical outlook, and open the possibility of a drop towards 1.3900 level.
• Immediate resistance is located at 1.4045(Daily high), any close above will push the pair towards 1.4091(23.6%fib).
• Support is seen at 1.3966 (38.2%fib) and break below could take the pair towards 1.3926(Nov 26th low).
Recommendation: Good to sell around 1.4010 with stop loss of 1.4150 and target price of 1.3920


FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
FxWirePro: GBP/USD recovers some ground but bears are not done yet
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: EUR/ NZD dips below lower range, bearish bias increases
FxWirePro: GBP/USD edged higher as hopes for US-Iran deal boost riskier assets
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: USD/ZAR sell bias remains below key resistance zone 



