Daily Pivots: (S1) 1.3246; (P) 1.3311; (R1) 1.3345; More… Intraday bias in USD/CAD stays on the downside for the moment. Current fall from 1.3897 is in progress and would targets a retest on 1.3091 support. On the upside, above 1.3369 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long
USDCAD Outlook
Daily Pivots: (S1) 1.3330; (P) 1.3350; (R1) 1.3388; More… Further decline is expected in USD/CAD as long as 1.3408 minor resistance holds. Fall from 1.3897 would target a retest on 1.3091 support. Nevertheless, break of 1.3408 will indicate short term bottoming, and turn bias back to the upside for stronger rebound. In the bigger picture
Daily Pivots: (S1) 1.3309; (P) 1.3356; (R1) 1.3381; More… Intraday bias in USD/CAD stays on the downside for the moment. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk will stay on the downside
Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… USD/CAD’s decline is resuming by breaking 1.3348 temporary low. Intraday bias is back on the downside. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk
Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… Intraday bias in USD/CAD is turned neutral with current recovery, and some consolidations would be seen. Risk will stay on the downside as long as 1.3479 support turned resistance holds. Rise from 1.3091 could have completed at 1.3897 already. Sustained trading below 1.3378 support will bring
Daily Pivots: (S1) 1.3349; (P) 1.3382; (R1) 1.3414; More… Intraday bias in USD/CAD remains on the downside for the moment. Rise from 1.3091 could have completed at 1.3897 already. Sustained trading below 1.3378 support will bring deeper fall to 1.3091 support next. For now, risk will stay on the downside as long as 1.3479 support
USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will bring deeper fall to 1.3091 support next. For now, risk will stay on the downside