EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed 
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 
FxWirePro- Major European Indices 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
- USD/CAD is continuing its bullish trend and hits fresh 1-1/2 month high on account of weak Canadian retail sales. The pair high of 1.27595 yesterday. It is currently trading around 1.27116. The good jump in USD/CAD yesterday was due to sharp decline in Canadian retail sales.
- Canadian retail sales declined unexpectedly by 0.8% for the month of Dec and excluding motor vehicle and parts dealer’s retail sales dropped 1.8%.
- Oil prices jumped almost more than $2 on declining crude inventory. Energy Information Administration said that U.S crude stockpiles fell by 1.6 million barrels and its first inventory draw in four weeks. Crude oil prices hits high of $63.06 and is currently trading around $62.60.
- On the higher side, major resistance is around 1.2760 and any break above will take the pair till 1.280/1.2830 (233- day MA).
- The near term support is around 1.2675 and any break below will take the pair till 1.2630 (5- day MA)/1.2578 (10- day MA)/1.2520. Short term bearish continuation only below 1.2450.
It is good to buy on dips around 1.2675 with SL around 1.2620 for the TP of 1.2800/1.2825.
