Intraday bias - Bearish
USDCAD is trading weak for the third consecutive day on board-based US dollar selling. Fed Governor Christoper Waller told an audience at an economic conference that a 75 bpbs hike is huge. 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 close below 1.2920 confirms the intraday bearish trend. A dip to 1.2830/1.2800 is possible. USDCAD hits a low of 1.29350 and is currently trading around 1.29425.
WTI crude oil price gained nearly 15% from a minor bottom of $90.54 on supply concerns. Any break above $105.20 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- Major Crypto levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/JPY Bearish Outlook Persists: Ifo Weakness Caps Upside, Sell Rallies Targeting 180 Below 183 Resistance
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD runs out of steam but maintains bullish outlook
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Woodies Pivot(Major)
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro: NZD/USD downside pressure builds, key support level in focus
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100 



