USD/CAD hits 19- month high amid better than expected Canada’s GDP data. Canadian GDP came at 0.3% for the month of Oct according to statistics Canada fastest pace in 5 months and jump was mainly due to strength in manufacturing , finance and insurance. Canadian dollar lags G-10 currencies due to oil price slump. Fed hiked interest rates by 25 basis point and dot plot projection for 2019 fell from three hikes to two.It hits high of 1.36016 and currently trading around 1.35774.
WTI crude oil price is trading weak ahead of the Christmas holiday break .According to a report by General Electric Co’s Baker Hughes ,the number of active US rigs for drilling oil rose by 10 in the week ended Dec 21 to 883.It is currently trading around $45.32.
On the lower side, near term major support is around 1.3493(23.6% fib) and any break below will drag the pair till 1.3449 (5- day MA)/1.3400/1.3327/1.32500.
The pair is facing major resistance around 1.3600 and any break above targets 1.3645/1.3700 is possible.
It is good to buy on dips around 1.3550 with SL around 1.3490 for the TP of 1.3645/1.3700.


FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: AUD/ USD strongly bearish despite upside attempts
Sell the Bounce: NZDJPY Bearish Bias Persists Below 94.20, Eyes 90.50
Peace Dividend Powers NZDJPY Past 93.50 — Bulls Set Sights on 96.15 Target
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD eases on Geopolitical whipsaw
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one 



