FxWirePro: GBP/USD bulls remain cautiously optimistic 
Energy Surge Ignites US Inflation: USDCHF Eyes Support Amid Dollar Sell-Off 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major European Indices 
FxWirePro: AUD/USD retreats slightly but trend is still bullish 
FxWirePro: GBP/NZD up trend gains some momentum but hurdles ahead 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
FxWirePro: USD/ZAR recovers slightly but trend is still bearish 
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR edges lower ,investors remain on edge 
Bitcoin’s Volatile Reset: ETFs Rebound as Bulls Eye USD 80,000 Milestone 
NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: GBP/USD biased higher but rally currently stretched 
FxWirePro: USD/JPY holding bid into weekend 
Intraday trend- Bearish
Significant support- 1.3300
USDCAD declined sharply after BOC monetary policy. The central bank hiked rates unexpectedly by 25 bpbs to 4.75% yesterday, the highest level since 2001. It said in a statement that inflation is elevated due to excess demand in the economy than anticipated. The policy divergence between US Fed and BOC supports the Canadian dollar at a lower level. It hits a low of 1.33208 yesterday and is currently trading around 1.33346.
Technically in the 4-hour chart, the pair is holding below short-term (21- and 55 EMA) and 200 EMA (1.36301). Any break below 1.3300 will take the pair to 1.3220/1.3200.
The near-term resistance is around 1.337 and any breach above targets is 1.3400/1.3435/1.3500.
Indicators (4 Hour chart)
CCI (50)- Bearish
ADX- bearish
It is good to sell on rallies around 1.3400 with SL around 1.3460 for a TP of 1.3220.
