Ichimoku Analysis (Hourly chart)
Tenken-Sen- 1.3360
Kijun-Sen- 1.33500
USDCAD lost more than 150 pips after hitting an 8-month high at 1.34650. The overall trend is still bullish as long as support 1.3300 holds. US Central bank cuts rates by 50 bps emergency, the first time since 2008. The members declared "the fundamentals of the US economy remains strong" but downside risks due to coronavirus.
Technically, the pair is facing strong resistance at 1.3400 and any violation above will take the pair to next level till 1.3465.
On the flip side, near term support at 1.3300 and indicative break below targets 1.3260/1.3230.
It is good to buy on dips around 1.3300 with SL around 1.3260 for the TP of 1.3435.


JPY Currency Meter Signals: NZDJPY Bullish (+25) vs CHFJPY (-100) – These Pairs Could Move Next
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
FxWirePro- Major Pair levels and bias summary
Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains
FxWirePro- Woodies pivot (Major)
NZDJPY Retreats on Yen Strength – Bearish Setup Targets 90 After Hitting 92.75 Low
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
AUDJPY Volatile After Massive Sell-Off: Sell Rallies at 113, Targeting 110 as Bearish Momentum Surges
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
Major FX Action Bias & US Market Sentiment: NZD/USD (Extremely Bullish) & AUD/USD (Bullish) Watchlist
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support
FxWirePro: GBP/AUD drifts lower after BOE rate decision 



