Daily Pivots: (S1) 1.2726; (P) 1.2784; (R1) 1.2815; More… Intraday bias in USD/CAD is turned neutral with current retreat. But further rise is in favor as long as 1.2639 support holds. Above 1.2852 will resume the rise from 1.2286 to 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. However, break…
USDCAD Outlook
Daily Pivots: (S1) 1.2778; (P) 1.2816; (R1) 1.2888; More… No change in USD/CAD’s outlook as rise form 1.2286 is in progress despite some loss of upside momentum. Further rally would be seen to 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. On the downside, break of 1.2639 will indicate short…
USD/CAD’s rise from 1.2286 continued last week despite diminishing upside momentum. Initial bias stays on the upside this will for 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. On the downside, break of 1.2639 will indicate short term topping, and turn bias back to the downside for 55 day EMA…
Daily Pivots: (S1) 1.2777; (P) 1.2807; (R1) 1.2836; More… With 1.2639 support intact, further rise is expected in USD/CAD. Rally from 1.2286 would target 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. However, break of 1.2639 will indicate short term topping, and turn bias back to the downside for 55…
Daily Pivots: (S1) 1.2746; (P) 1.2788; (R1) 1.2862; More… Further rise is expected in USD/CAD with 1.2639 support intact. Rally from 1.2286 would target 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. However, break of 1.2639 will indicate short term topping, and turn bias back to the downside for 55…
Daily Pivots: (S1) 1.2730; (P) 1.2783; (R1) 1.2836; More… USD/CAD is losing upside momentum again as seen in 4 hour MACD. But further rise remains in favor as long as 1.2639 minor support holds. Rally from 1.2286 would target 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. However, break of…
Daily Pivots: (S1) 1.2708; (P) 1.2751; (R1) 1.2780; More… Intraday bias in USD/CAD remains on the upside, as rise from 1.2286 is in progress to 1.2894/2947 resistance zone. Break there will target 1.3022 long term fibonacci level next. On the downside, break of 1.2639 support is needed to indicate short term topping. Otherwise, outlook will…