Intraday bias - Bearish
USDCAD formed a temporary top around 1.30788 and started to decline despite the hawkish Fed rate hike. Markets eye Canada's CPI data for further direction. Technically in the hourly chart, the pair is holding above the short-term (21- and 55 EMA) and below the long-term moving average of 200 MA (1.2870). Any close below that level of 1.2870 confirms a bearish continuation. A dip to 1.2800/1.2760 is possible USDCAD hits an intraday low of 1.29129 and is currently trading around 1.29162.
The near-term resistance is around 1.2950, any breach above targets 1.3000/1.3080.
Indicators (Hourly chart)
CCI (50)- Bullish
ADX- Bullish
It is good to sell on rallies around 1.2948-50 with SL around 1.3000 for TP of 1.2800.


FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro :USD/JPY eases slightly, remains on bullish path
JPY Action Bias: Bullish Pairs to Watch Out For
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro: GBP/NZD gains some ground but outlook is bearish
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
Major Pair Action Bias: Bullish Pairs to Watch Out For
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 



