• USD/CAD initially gained but gave up some ground on Tuesday investors awaited Bank of Canada rate decision.
• The Bank of Canada is expected to make a 25bps rate cut on Wednesday, bringing its main policy rate to 3%. This move would bring the rate into the bank's estimated neutral range of 2.25-3.25%.
This will be the first time the Bank of Canada announces its rate decision and economic projections since the change in government in the U.S., Canada's largest trading partner.
• At GMT 16:08, the pair was trading up 0.08 percent at 1.4386
• Technical signals are bearish as RSI is at 23, daily momentum studies 5, 9 and 10 DMAs are trending down.
• Immediate resistance is located at 1.3447(Jan 13th high), any close above will push the pair towards 1.4503 (23.6%fib).
• Support is seen at 1.4323(38.2%fib) and break below could take the pair towards 1.3281(Lower BB).
Recommendation: Good to buy around 1.4350, with stop loss of 1.4280 and target price of 1.4480,


Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro- Major Pair levels and bias summary
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro:NZD/USD edges lower, bearish outlook persists
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro- Woodies Pivot(Major)
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
FxWirePro- Major Pair levels and bias summary
NZD/JPY Technical Outlook: Bearish Momentum Gains as Resistance Holds
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro: GBP/NZD continues to recovers , upside pressure builds 



