Daily Pivots: (S1) 1.3713; (P) 1.3776; (R1) 1.3895; More… Intraday bias in USD/CAD stays on the upside at this point. Current up trend should target 161.8% projection of 1.2005 to 1.2947 from 1.2401 at 1.3925. Firm break there will target 200% projection at 1.4285. On the downside, break of 1.3601 minor support is needed to
USDCAD Outlook
USD/CAD’s up trend extended higher last week and resumed after brief retreat. Initial bias is back on the upside this week. next target is 161.8% projection of 1.2005 to 1.2947 from 1.2401 at 1.3925. Firm break there will target 200% projection at 1.4285. On the downside, break of 1.3601 minor support is needed to indicate
Daily Pivots: (S1) 1.3607; (P) 1.3682; (R1) 1.3759; More… Intraday bias in USD/CAD stays neutral for consolidation below 1.3831 temporary top Downside of retreat should be contained well above 1.3222 support turned resistance to bring another rally. Break of 1.3831 will resume recent up trend to 161.8% projection of 1.2005 to 1.2947 from 1.2401 at
Daily Pivots: (S1) 1.3527; (P) 1.3680; (R1) 1.3757; More… Intraday bias in USD/CAD is turned neutral with current retreat, and some consolidations would be seen below 1.3831 temporary top. Downside of retreat should be contained above 1.3222 support turned resistance to bring another rally. Break of 1.3831 will resume recent up trend to 161.8% projection
Daily Pivots: (S1) 1.3651; (P) 1.3713; (R1) 1.3787; More… Intraday bias in USD/CAD stays on the upside for the moment. Current rally should target 161.8% projection of 1.2005 to 1.2947 from 1.2401 at 1.3925. Firm break there will target 200% projection at 1.4285. On the downside, below 1.3638 minor support will turn intraday bias neutral
Daily Pivots: (S1) 1.3596; (P) 1.3703; (R1) 1.3845; More… USD/CAD’s rally continued and hit as high as 1.3807 so far. Intraday bias stays on the upside for 161.8% projection of 1.2005 to 1.2947 from 1.2401 at 1.3925. Firm break there will target 200% projection at 1.4285. On the downside, below 1.3543 minor support will turn
Daily Pivots: (S1) 1.3500; (P) 1.3557; (R1) 1.3645; More… USD/CAD’s rally is still in progress and intraday bias stays on the upside for long term fibonacci level at 1.3650. Break there will target 161.8% projection of 1.2005 to 1.2947 from 1.2401 at 1.3925. On the downside, below 1.3407 minor support will turn intraday bias neutral