USD/CAD has slipped back towards 1.2991 levels, after failing to hold above1.3134 levels, Currently the pair is testing support level at 1.2987. A break below will unleash a strong bearish momentum towards 1.2940 levels.
- The currency pair is trading at 1.2991 levels, it is expected to reach 1.2940 levels and 1.2900 levels in the short term.
- The immediate support can be seen at 1.2987, break below this level will expose the pair to next support level at 1.2940.
- Major resistance can be seen at 1.3076, break above this level will expose it towards 1.3133 (Oct 6th high) levels.
Recommendation: Go short below 1.3000 with targets at 1.2950, 1.2900 SL 1.3150.
Resistance Levels
R1: 1.3034 (50% Retracement level)
R2: 1.3076 (61.8% Retracement level)
R3: 1.3133 (Oct 6th high)
Support Levels
S1: 1.2987 (38.2% Retracement level)
S2: 1.2940 (23.6% Retracement level)
S3: 1.2907 (Aug 28th lows)


FxWirePro:EUR/NZD extends fall, key support lies ahead
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: USD/CNY edges lower , bearish outlook persists
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar 



