- USDCAD has broken major trend line support yesterday after US fed monetary policy meeting and declined till 1.28298. The decline pair has formed a temporary top around 1.31245 and dipped almost more than 300 pips from that level. The main reason for slight in Canadian dollar was due to good jump in crude oil prices. But downside is limited due to policy divergence between Fed and BOC. It is currently trading around 1.28695.
- The fed hiked interest rate by 25bpbs and dot plot shows that only two more hikes in 2018. The profile for 2019 and particularly 2020 is expected to have more rate hikes. Crude oil jumped almost more than 5% this week on account of Middle East tensions and healthy demand.
- The near term support is around 1.2800 and any break below will drag the pair to next level till 1.2760/1.2700 level.
- On the higher side, near term resistance is around 1.2920 and any break above will take the pair to next level till 1.2960/1.3000.Overall bullish continuation only above 1.31250.
It is good to sell on rallies around 1.2900-05 with SL around 1.2955 for the TP of 1.2800.


USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 



