Intraday bias - Bearish
USDCAD continues to trade lower for the third consecutive day on upbeat Canadian inflation. Annual CPI rose to 7.7% compared to a forecast of 7.3%, above the 6.8% gain in the previous month. A minor pullback in WTI crude oil price as G7 countries push for a price cap on Russian oil exports. Technically in the 4- hour chart, the pair is holding below the short-term (21- and 55 EMA) and above the long-term moving average of 200 EMA (1.28214). Any break below 1.2860 confirms a bearish continuation. A dip to 1.2800/1.2778 is possible USDCAD hits an intraday low of 1.28691 and is currently trading around 1.2883.
The near-term resistance is around 1.2920, any breach above targets 1.2955/1.3000/ 1.3080.
Indicators (4 Hour chart)
CCI (50)- Bearish
ADX- Bearish
It is good to sell on rallies around 1.2948-50 with SL around 1.3000 for TP of 1.2800.


NZDJPY Dips to 95.10: Bulls Buy the Pullback as Key 93.50 Support Keeps Uptrend Intact
FxWirePro: EUR/AUD holds narrow range, focus on near-term Support
FxWirePro: NZD/USD eases as Middle East tensions weigh on sentiment
AUDJPY Powers Above 114.50 on Aussie Strength—Bulls Target 116.25 on Dips to 113.85
FxWirePro- Woodies pivot (Major)
Pound Power Drives GBPJPY Past 214.50 — Buy-the-Dip Setup Targets 217
FxWirePro: USD/JPY upside capped as intervention risk limit upside
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CNY dips as Yuan firms despite weak China factory data
FxWirePro: AUD/USD eases amid uncertainty over the U.S.–Iran standoff
FxWirePro: USD/JPY remains in familiar place on intervention threat
FxWirePro: GBP/USD remains range-bound amid growing Middle East instability concerns
FxWirePro: GBP/AUD recovers some ground, geopolitics holds center stage
EURJPY Extends 5-Day Winning Streak Toward 186 — Bulls Reload on Dips for 188 Target
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700
FxWirePro: USD/CAD bulls continue to hold the higher ground 



