FxWirePro- USDCAD Daily Outlook
Intraday bias - Bullish
USDCAD regained above 1.3000 on board-based US dollar buying and weak Canadian employment data. The Canadian economy lost 42000 jobs in June compared to a forecast of 20000 and the unemployment rate dropped from 4.9% to 5.1%. The US dollar index regained momentum after a minor sell-off from a 19-year high. Technically in the 4 -Hour chart, the pair is holding below the short-term( 21- EMA), above 55- EMA, and the long-term moving average of 200 EMA (1.28736). Any violation below 1.2920 confirms the intraday bearish trend. A dip to 1.2865/1.2800 is possible. USDCAD hits an intraday high of 1.30030 and is currently trading around 1.29835.
WTI crude oil price dropped from a minor top of $105.13 on recession worries. Any breach above $105.20 confirms further bullishness.
The near-term resistance is around 1.3000, any breach above targets 1.3025/1.3085.
Indicators (4 Hour chart)
CCI (50)- Bullish
ADX- bullish
It is good to buy on dips around 1.2960 with SL around 1.2920 for TP of 1.3080.


NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: EUR/NZD edges lower but bullish outlook persists
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Crypto levels and bias summary
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro- Major European Indices
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro-Major European Indices 



