Daily Pivots: (S1) 1.3518; (P) 1.3552; (R1) 1.3584; More…. Intraday bias in USD/CAD stays neutral as correction from 1.3693 is extending. Overall, further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, and then 1.3976 high. However, firm break of 1.3488 will turn bias
USDCAD Outlook
Daily Pivots: (S1) 1.3534; (P) 1.3563; (R1) 1.3583; More…. USD/CAD is extending the consolidation from 1.3693 and intraday bias stays neutral. Further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, and then 1.3976 high. In the bigger picture, price actions from 1.3976 are
Daily Pivots: (S1) 1.3545; (P) 1.3592; (R1) 1.3623; More…. Outlook in USD/CAD remains unchanged and intraday bias stays neutral. Consolidation from 1.3693 would extend and deeper pull back might be seen. But further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, and then
Daily Pivots: (S1) 1.3601; (P) 1.3647; (R1) 1.3685; More…. Intraday bias in USD/CAD stays neutral at this point. More consolidations could be seen below 1.3693 temporary top. But further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, and then 1.3976 high. In the
USD/CAD’s rally from 1.3091 resumed last week but retreated after hitting 1.3693. Initial bias remains neutral this week for some consolidations first. Outlook is unchanged that correction from 1.3976 has completed at 1.3091. Further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, and
Daily Pivots: (S1) 1.3648; (P) 1.3671; (R1) 1.3711; More…. Intraday bias in USD/CAD is turned neutral with today’s retreat, and some consolidations could be seen below 1.3693. But the favored case is still that correction from 1.3976 has completed at 1.3091. Further rally is expected as long as 1.3488 support holds. Above 1.3693 will resume
Daily Pivots: (S1) 1.3648; (P) 1.3671; (R1) 1.3711; More…. Intraday bias in USD/CAD stays on the upside for the moment. Further rally should be seen to retest 1.3976 high. On the downside, 1.3621 minor support will turn intraday bias neutral first. But outlook will stay bullish as long as 1.3488 support holds, in case of