Daily Pivots: (S1) 1.3439; (P) 1.3459; (R1) 1.3482; More…. USD/CAD is still bounded in consolidation below 1.3501 and intraday bias stays neutral. Outlook is unchanged that corrective fall from 1.3976 should have completed with three waves down to 1.3091. Above 1.3501 will resume the rebound from 1.3091 to 1.3653 resistance next. Break there will further
USDCAD Outlook
Daily Pivots: (S1) 1.3417; (P) 1.3441; (R1) 1.3470; More…. Intraday bias in USD/CAD remains neutral and further rally is expected with 1.3318 support intact. Corrective fall from 1.3976 should have completed with three waves down to 1.3091. Above 1.3501 will resume the rebound from 1.3091 to 1.3653 resistance next. Break there will further confirm this
USD/CAD’s strong break of 1.3386 resistance last week affirms the case that correction from 1.3976 has completed with three waves down to 1.3091. But as a temporary top was formed, initial bias remains neutral for consolidations first. Downside of retreat should be contained by 1.3318 to bring rebound. Break of 1.3501 will resume the rise
Daily Pivots: (S1) 1.3396; (P) 1.3424; (R1) 1.3475; More…. Intraday bias in USD/CAD remains neutral for the moment. Further rally is expected as long as 1.3318 support holds. Current development argues that correction from 1.3976 has completed with three waves down to 1.3091. Above 1.3501 will resume the rise from 1.3091 to 1.3653 resistance next.
Daily Pivots: (S1) 1.3400; (P) 1.3427; (R1) 1.3450; More…. Intraday bias in USD/CAD is turned neutral for some consolidations below 1.3501 temporary top. But further rally is expected as long as 1.3318 support holds. Current development argues that correction from 1.3976 has completed with three waves down to 1.3091. Above 1.3501 will resume the rise
Daily Pivots: (S1) 1.3353; (P) 1.3428; (R1) 1.3491; More…. Intraday bias in USD/CAD remains on the upside at this point. Current development argues that correction from 1.3976 has completed with three waves down to 1.3091. Further rally would be seen to 1.3653 resistance next. Break there will further confirm this case and target 1.3976 high.
Daily Pivots: (S1) 1.3350; (P) 1.3374; (R1) 1.3393; More…. Intraday bias in USD/CAD on the upside with break of 1.3386 resistance. Current development argues that correction from 1.3976 has completed with three waves down to 1.3091. Further rally would then be seen to 1.3653 resistance next. Break there will further confirm this case and target