- USDCAD is showing minor weakness after hitting high of 1.31246 yesterday. The pair has jumped almost more than 300 pips in this month. The main reason for decline in Canadian dollar was due to weak economic data and policy divergence between US and BOC. The pair has shown a minor dip of almost 70 pips yesterday and is currently trading around 1.30800.
- Market eyes US Fed monetary policy meeting which is on Wednesday for further direction. Any hawkish comment by fed will increase chance of further jump in USD.
- The near term support is around 1.3050 and any break below will drag the pair to next level till 1.3000/1.2950 level.
- On the higher side, temporary formed at 1.3125 will be acting as major resistance and any break above will take the pair to next level till 1.3180/1.3225.
It is good to sell below 1.3050 with SL around 1.3090 for the TP of 1.2955.
Resistance
R1-1.3125
R2 – 1.3180
R3-1.3225
Support
S1-1.3050
S2-1.3000
S3- 1.2955


CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: USD/ZAR edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro:EUR/AUD eases but bullish outlook persists
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD moves lower on weak UK data
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 



