Loonie declined sharply and lost more than 150 pips after more dovish Fed. Fed has kept its interest rates unchanged and pledges ‘patience’ stance on further hike. According to CME Fed watch tool shows that probability of Fed to keep rates unchanged is 98.7% for 20th Mar 20 2019 ,98.7% for May 1st 2019 and 95.4% for 19th Jun 2019 Fed meeting. The pair hits low of 1.31185 and is currently trading around 1.31405.
On the higher side near term resistance is around 1.3160 and any break above targets 1.3197 (100- day MA)/1.3255/1.3300.
The near term support is around 1.3110 (200- day MA) and any violation below targets 1.3070 (300-day EMA)/1.3025.
It is good to sell on rallies around 1.3160 with SL around 1.3200 for the TP of 1.3070.


FxWirePro: USD/JPY gains above 160 level ahead of BOJ policy meeting
FxWirePro- Major Pair levels and bias summary
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
Geopolitical Easing Fuels AUDJPY Rally Toward 115 — Buy Dips at 113
FxWirePro- Woodies pivot (Major)
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/ CNY falls towards 6.750, bears keep the advantage
FxWirePro: USD/CAD steadies around 1.3990 ,retains bid one
FxWirePro: AUD/USD climbs as US-Iran peace deal sparks risk rally
FxWirePro: AUD/ USD strongly bearish despite upside attempts 



