Significant Resistance - 1.2660
USDCAD surged sharply after a massive sell-off. The fed meeting minutes have signaled a 50 bpbs rate hike in the next policy meeting. The policy divergence between the US fed and the Bank of Canada is supporting Loonie at lower levels. Oil prices slipped for the third consecutive day after European Union delayed the Russian energy sanctions plan. USDCAD hits an intraday high of 1.25985 and currently trading around 1.25949.
The number of people who have filed for unemployment benefits declined to 166000 last week vs. an estimate of 201K.
Technical:
USDCAD is holding above short-term (21 EMA), medium-term (55 EMA), and below long-term ( 200 EMA) in the 4-hour chart.
ADX- Bullish
CCI (50) above zero line in the 4-hour chart.
Resistance to be watched- 1.26150, 1.2660, and 1.2700.
Support- 1.2550, 1.2500, and 1.24000.
It is good to buy on dips around 1.2578-80 with SL around 1.2540 for a TP of 1.2700.


FxWirePro: EUR/ NZD stuck in range but outlook is bearish
NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: USD/ZAR recovers some ground but outlook is bearish
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious
FxWirePro: GBP/NZD edges higher but outlook is bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro- Major Pair levels and bias summary
Bitcoin Cracks Below $70K: ETF Bloodbath and Iran Tensions Spark Bearish Breakdown as Bears Eye $67K
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one 



