Daily Pivots: (S1) 1.3441; (P) 1.3466; (R1) 1.3509; More…. Intraday bias in USD/CAD remains neutral as consolidation from 1.3378 is extending. Risk will stay on the downside as long as 1.3548 resistance holds. Break of 1.3378 will resume the fall from 1.3693, as another leg in the corrective pattern from 1.3976 high, to 61.8% retracement
USDCAD Outlook
USD/CAD’s deep decline last week argues that rise from 1.3091 might have completed at 1.3693 already. Fall from there is probably another leg in the corrective pattern from 1.3976 high. Initial bias stays neutral this week for consolidation above 1.3378 temporary low. But risk stays on the downside as long as 1.3548 resistance holds. Below
Daily Pivots: (S1) 1.3412; (P) 1.3446; (R1) 1.3495; More…. Intraday bias in USD/CAD is turned neutral for now, as it recovered after dipping to 1.3378. Some consolidations are expected by another fall is in favor. Below 1.3378 will target 61.8% retracement of 1.3091 to 1.3693 at 1.3321. Sustained break there will target 1.3091 support next.
Daily Pivots: (S1) 1.3390; (P) 1.3442; (R1) 1.3499; More…. Intraday bias in USD/CAD remains on the downside for the moment. Current fall from 1.3693 is seen as another falling leg in the corrective pattern from 1.3976. Deeper decline would be seen to 61.8% retracement of 1.3091 to 1.3693 at 1.3321. Sustained break there will target
Daily Pivots: (S1) 1.3462; (P) 1.3496; (R1) 1.3519; More…. Intraday bias in USD/CAD stays on the downside at this point. Current fall from 1.3693 is seen as another falling leg in the corrective pattern from 1.3976. Deeper decline would be seen to 61.8% retracement of 1.3091 to 1.3693 at 1.3321. Sustained break there will target
Daily Pivots: (S1) 1.3462; (P) 1.3496; (R1) 1.3519; More…. USD/CAD’s break of 1.3488 support argues that rise from 1.3091 might have completed at 1.3693. Intraday bias is mildly on the downside at this point. Sustained trading below 55 D EMA (now at 1.3467) will target 61.8% retracement of 1.3091 to 1.3693 at 1.3321, as another
Daily Pivots: (S1) 1.3497; (P) 1.3524; (R1) 1.3553; More…. Intraday bias in USD/CAD stays neutral for the moment. Further rally is still expected as long as 1.3488 support holds. On the upside, break of 1.3693 will resume the rise from 1.3091 and target 1.3860 resistance next. However, firm break of 1.3488 will bring deeper fall