Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.33969
Kijun-Sen- 1.33951
USDCAD is trading flat despite better than expected Canadian GDP. It came at 4.5% for May compared to a forecast of 3.5%. The US data came mixed with Personal spending grows by 5.6% and income declined by 1.1%. The Chicago PMI in July rose to 51.9 vs estimate of 44.0. It hits an intraday high of 1.34360 and is currently trading around 1.342340.
WTI Crude oil declined sharply after a minor recovery above $40 on US-China trade war escalation. Any break below $38.50 confirms bearish continuation and is currently trading around $39.87.
Technically, the pair is facing strong support at 1.3380. A break below targets 1.3330/1.33150. The near term resistance is at 1.3460, an indicative break beyond will take the pair to the next level till 1.3500/1.3540.
It is good to buy on dips around 1.3428-30 with SL around 1.3380 for the TP of 1.3540.


Ethereum Follows the Leader: ETH Eyes 2,500 USD as Bullish Momentum Builds
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD hits new four-year high,scope for further upside
FxWirePro: NZD/USD firms, Q1 unemployment rate shows Improvement
FxWirePro: USD/ZAR edges lower but bullish outlook persists
FxWirePro: GBP/NZD outlook weaker on renewed downside pressure
FxWirePro- Major Crypto levels and bias summary
Bitcoin Breaks Barriers: BTCUSD Eyes USD 85,000 as Bullish Momentum Surges
FxWirePro: USD/ZAR drops below 16.500 level, heads deeper into bear territory
FxWirePro- Woodies pivot (Major)
Sterling Stalls: GBPJPY Consolidates as Technical Bias Tilts Toward the Downside
FxWirePro: EUR/USD bid on Iran deal optimism , upside pressure builds
Bitcoin Defies Gravity: BTC Holds Above 80,000 USD Milestone Amid Geopolitical Shifts
Yen Strength Fades: EURJPY Pulls Back as Bearish Trend Holds Below 185.65
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
Ethereum Follows Suit: ETHUSD Tracks Bitcoin's Surge Toward Key Resistance 



