Daily Pivots: (S1) 1.3517; (P) 1.3565; (R1) 1.3640; More…. Intraday bias in USD/CAD remains neutral for the moment, and some more consolidations could be seen. On the upside, decisive break of 1.3653 resistance should confirm that correction from 1.3976 has completed, and target a test on this high. Meanwhile, below 1.3488 will bring another fall
USDCAD Outlook
USD/CAD’s pull back from 1.3638 was deeper than expected, but it recovered strongly have hitting 1.3488. Initial bias is turned neutral this week first. On the upside, decisive break of 1.3653 resistance should confirm that correction from 1.3976 has completed, and target a test on this high. Meanwhile, below 1.3488 will bring another fall to
Daily Pivots: (S1) 1.3489; (P) 1.3523; (R1) 1.3543; More…. USD/CAD’s break of 1.3509 support indicates short term topping at 1.3638, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for pull back to 55 D EMA (now at 1.3411). On the upside, firm break of 1.3653 resistance should confirm that
Daily Pivots: (S1) 1.3504; (P) 1.3541; (R1) 1.3568; More…. USD/CAD is staying in range of 1.3509/3638 and intraday bias stays neutral. Further rally is still expected with 1.3509 support intact. On the upside, decisive break of 1.3653 resistance there will confirm that correction from 1.3976 has completed, and target a test on this high. On
USD/CAD’s correction from 1.3693 extended lower last week but stayed above 1.3488 support. Initial bias remains neutral first and further rally is expected. 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 to 61.8% retracement of 1.3091 to 1.3693 at 1.3321.
Daily Pivots: (S1) 1.3481; (P) 1.3519; (R1) 1.3544; More…. Intraday bias in USD/CAD stays neutral for the moment. 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 to the downside
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