- USDCAD has broken minor support 1.3050 and declined till 1.30100 at the time of writing. The pair has formed a temporary top around 1.31245 and dipped almost more than 100 pips from that level. The main reason for slight recovery in Canadian dollar was due to good jump in crude oil. But downside is limited due to policy divergence between Fed and BOC. It is currently trading around 1.30431.
- Market eyes US Fed monetary policy meeting which is on Wednesday for further direction. Any hawkish comment by fed will increase chance of further jump in USD. Crude oil jumped almost more than 4% this week on account of Middle East tensions and healthy demand.
- The near term support is around 1.3000 and any break below will drag the pair to next level till 1.2950/1.2900 level.
- On the higher side, temporary formed at 1.3125 will be acting as major resistance and any break above will take the pair to next level till 1.3180/1.3225.
It is good to buy on dips around 1.3055-60 with SL around 1.3100 for the TP of 1.2955.


FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Pair levels and bias summary
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865 



