Intraday bias - Bearish
USDCAD pared most of its gains on board-based US dollar weakness in the previous week. The bank of Canada surprised markets by hiking 100 bpbs in Jul 13th monetary policy.US retail sales rose by 1% m/min June compared to a forecast of 0.70%. Technically in the 4 -Hour chart, the pair is holding below the short-term( 21- EMA), 55- EMA, and above the long-term moving average of 200 EMA (1.29159). Any violation below 1.2900 confirms the intraday bearish trend. A dip to 1.2830/1.2800 is possible. USDCAD hits a low of 1.28965 and is currently trading around 1.29371.
WTI crude oil price gained more than 10% from a minor bottom of $90.54. Any daily close above $100 confirms further bullishness.
The near-term resistance is around 1.2965, any breach above targets 1.3000/1.3050/1.3085.
Indicators (4 Hour chart)
CCI (50)- Bearish
ADX- Neutral
It is good to sell on rallies around 1.2968-70 with SL around 1.3000 for TP of 1.2835.


FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: USD/ZAR retreats slightly but bias is bullish
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
Crypto Bias Report: Trend Signals and Top Bullish Picks
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD under pressure as pound continues to weaken
FxWirePro: USD/CAD edges lower but bullish outlook persists
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary 



