Intraday trend- Bearish
Significant resistance- 1.3750
USDCAD lost its shine after a minor pullback to 1.37468. The intraday trend is still bearish as long as resistance 1.3750 holds. The minor pullback in WTI Crude oil prices also putting pressure at higher levels. Technically in the hourly chart, the pair is holding below short-term (21- and 55 EMA) and above 200 EMA (102.68). Any break below 1.36770 will take the pair to 13650/1.3600. USDCAD hits an intraday low of 1.36775 and is currently trading around 1.36883
The near-term resistance is around 1.3750, and any breach below targets 1.3810/1.3900.
Indicators (Hourly chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 1.3708-10 with SL around 1.3750 for a TP of 13600.


Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro- Major Pair levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
NZD/JPY Breakout Blast: Kiwi Rocket Smashes 94.50 Resistance, Bulls Lock Sights on 95
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: USD/CAD bulls continue to hold the higher ground 



