NZDJPY Catches Its Breath: Bulls Defend 94 Floor With Sights Set on 96–97 
GBP/JPY Holds the 215 Line as Yen Momentum Fades; Triple EMA Bulwark Eyes 217 
FxWirePro: USD/CAD steadies around 1.3840 ,retains bid one 
NZD/JPY Springs Off 38.2% Fib Support: Triple EMA “Buy the Dip” Setup Eyes 96.15–97 
FxWirePro: NZD/USD dips as Middle East tensions weigh on sentiment 
AUD/JPY Smashes Multi-Week Resistance at 114.73 After Prolonged Consolidation; Triple EMA Setup Targets 117 
FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib 
GBPJPY Takes a Breather at 215 After Three-Week Rampage; Bulls Reload for 216–217 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD dips towards 1.6200 level, scope for further downside 
FxWirePro- Major European Indices 
FxWirePro- Major Pair levels and bias summary 
ETH Cracks $2,000: $241M Institutional Exodus From Spot ETFs Sends Bears Hunting $1,700 
FxWirePro: EUR/ NZD stuck in range but outlook is bearish 
FxWirePro: USD/ZAR shows upside momentum, but bearish outlook remains 
USDCAD continues to trade higher for the past one week and surged more than 250 pips on board-based US dollar buying. The US dollar index surged after upbeat US CPI data. It rose 0.9% in October compared to a forecast of 0.90% The 12-month inflation surged to 6.2%, the biggest gain since 1990. The number of people who have filed for unemployment benefits fell by 4000 last week to 267000, the lowest level since the pandemic. The minor weakness in crude oil on surging coronavirus cases in Europe is supporting the Canadian dollar at lower levels. The overall trend is still bullish as long as support 1.2280 holds.
On the flip side, immediate support stands at 1.2460 and any indicative break below that level will drag the pair down till 1.2400/1.2380.
The pair's near-term resistance is around 1.2560, any breach above targets 1.2600/1.2660/1.27010.
It is good to buy on dips around 1.2500 with SL around 1.2460 for the TP of 1.2600.
