JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
FxWirePro: GBP/NZD gains some ground but outlook is bearish 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro: USD/CNY edges higher but bulls lack punch 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro- Major Pair levels and bias summary 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: EUR/NZD downside pressure builds, key support level in focus 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro:USD/JPY hovers near a four-decade low 
Intraday bias - Bullish
USDCAD gained more than 300 pips in the past four days on board-based US dollar buying. US CPI came at 8.6% in May compared to a forecast of 8.3%, the largest YOY increase in 40 years. Surging Inflation has increased the chance of aggressive rate hike. Technically in the 4-hour chart, the pair is holding above the short-term (21- and 55 EMA) and long-term moving average of 200 MA (1.2788). Any close below that level of 1.2780 confirms a bearish trend. A dip to 1.2730/1.2680 is possible. USDCAD hits an intraday low of 1.28366 and is currently trading around 1.28444.
The near-term resistance is around 1.28650, any breach below targets 1.2900/1.29471.
Indicators (4- Hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 1.28000 with SL around 1.2760 for TP of 1.2900.
