USD/CAD slipped backwards after the release of Philadelphia Fed manufacturing data in the early US session. However, after finding minor support at 1.3650 levels, the pair rebounded to trade around 1.3685 levels.
- The pair remains in bearish territory unless until it trades below 1.3750 levels, Therefore its good sell this pair on rallies.
- The currency pair is trading at 1.3687 levels, it is expected to decline towards 1.3650 and 1.3590 levels in the short term.
- The immediate support can be seen at 1.3650, break below this level will expose the pair to next support level at 1.3590.
- Major resistance can be seen at 1.3790, break above this level will expose the pair towards 1.3900 levels.
Recommendation: Go short around 1.3740 with targets at 1.3650, 1.3600 SL 1.3800
Resistance Levels
- R1: 1.3691 (50% Retracement level)
- R2: 1.3790 (61.8% Retracement level)
- R3: 1.3900 (Psychological levels)
Support Levels
- S1: 1.3650 (Daily lows)
- S2: 1.3590 (38.2% Retracement level)
- S3: 1.3472 (23.6% Retracement level)


FxWirePro- Major European Indices
FxWirePro: USD/ZAR edges higher but bearish outlook persists
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro:EUR/AUD eases but bullish outlook persists
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 



