Significant Resistance - 1.2800
USDCAD has formed a triple top around 1.2800 and shown a minor decline. The surge in crude oil prices due to geopolitical tension is supporting the Canadian dollar. It has touched a 7-year high as Russia could invade Ukraine any day. The slight policy divergence between the US fed and Bank of Canada prevents further downside. It hits an intraday low of 1.27112 and currently trading around 1.27137.
Technical:
USDCAD is holding below short-term (21 EMA) and above medium-term (55 EMA), and long-term ( 200 MA) in the 4- hour chart.
ADX- Neutral
CCI (50) above zero line and Woodies CCI below zero line.
Resistance to be watched- 1.2800, 1.2860, and 1.2900.
Support- 1.2660, 1.2600, 1.2500.
It is good to buy on dips around 1.2678-80 with SL around 1.2638 for a TP of 1.2800.


FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro- Major Pair levels and bias summary
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 



