Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25% 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish 
FxWirePro: USD/ZAR retreats slightly but bias is bullish 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro:USD/JPY hovers near a four-decade low 
BTC, ETH, SOL, XRP, and BNB: Major Crypto Pairs Stay Neutral 
FxWirePro- Woodies pivot (Major) 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
Intraday bias - Bearish
USDCAD trades higher despite positive Canadian retail sales data. It rose 0.9% in Apr compared to a forecast of 0.80%. Core retail sales excluding automobiles surged 1.3% vs. an estimate of 0.50%. The minor weakness in crude oil price also puts pressure on the Canadian dollar. Technically in the 4- hour chart, the pair is holding above the short-term (21- and 55 EMA) and the long-term moving average of 200 MA (1.27954). Any close below 1.2900confirms a bearish continuation. A dip to 1.2860/1.2800 is possible USDCAD hits an intraday low of 1.29748 and is currently trading around 1.29662.
The near-term resistance is around 1.300, any breach above targets 1.3080/1.3150.
Indicators (4 Hour chart)
CCI (50)- Bullish
ADX- Bullish
It is good to buy on dips around 1.2918-20 with SL around 1.2860 for TP of 1.3080.
