- USD/CAD declined almost 100 pips after hitting high of 1.26880. The pair hits intraday low of 1.25540. The decline in prices was due to Canadian jobs data came at Feb 9th 2018. It is currently trading around 1.25669.
- Canadian economy has lost 88000 jobs in Jan 2018 compared to forecast of 10000 jobs addition. The main reason for dip in employment was due to dip in part-time data. But economy has added 49000 full time jobs which is slightly positive and prevented further jump of USD/CAD.
- Oil prices has shown a minor recovery from the low of $58.05. Crude oil prices was down due to huge sell –off in global equity market. US Dow jones has declined nearly 10% in previous week and 13.5% from the all-time high. The increase in US crude production also supporting price decline. It surpasses 10 million barrels hits high of 10.25 million barrels per day. It is currently trading around $60.17.
- On the higher side, major resistance is around 1.2600 and any break above will take the pair till 1.2660/1.2700.
- The near term support is around 1.2540 (55- day EMA) and any break below will take the pair till 1.2500/1.2435.
It is good to sell on rallies around 1.2585-90 with SL around 1.2645 for the TP of 1.2500/1.2435.


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Major Crypto levels and bias summary
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 



