Intraday bias remains bearish as long as resistance 0.8550 holds. It hits a high of 0.85420 yesterday and is currently trading around 0.85193.
US dollar gained momentum after positive US ISM services PMI data. Markets eye US NFP data for further direction. Any upbeat US NFP (above 180K) will push the pair above 0.8550.
Technicals-
The pair is trading above 34 and and above 55 EMA in the 1-hour chart.
The near-term resistance is around 0.8550 any break above targets 0.8590/0.8660. The bearish pattern from 0.92244 will get completed at 0.8375 if pair close above 0.8750. A jump to 0.8800/0.8925 is possible. The immediate support is at 0.8470, any violation below will drag the pair to 0.8440/0.8420/0.8390/0.8365 (61.% fib projection)/0.8340.
Indicator (4-hour chart)
CCI (50)- Bullish
Average directional movement Index - Bullish. Overall trend is bullish.
It is good to buy above 0.8550 with SL around 0.8500 for a TP of 0.8660.


FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
JPY Major Currency Score
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro- Woodies Pivot (Major)
FxWirePro: AUD/USD firms after RBA governor Bullock comments
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 



