Daily Pivots: (S1) 1.3141; (P) 1.3190; (R1) 1.3237; More…. Intraday bias in USD/CAD remains on the downside for retesting 1.3115 low. Firm break there will resume larger down trend, and target 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054, and then 100% projection at 1.2848. For now, outlook will remain bearish as long
USDCAD Outlook
Daily Pivots: (S1) 1.3209; (P) 1.3253; (R1) 1.3274; More…. USD/CAD’s strong break of 1.3202 support confirms completion of rebound from 1.3115 at 1.3385. Rejection by 55 D EMA also maintains near term bearishness. Intraday bias is back on the downside for retesting 1.3115 first. Break there will resume larger down trend to 61.8% projection of
Daily Pivots: (S1) 1.3209; (P) 1.3253; (R1) 1.3274; More…. Intraday bias in USD/CAD stays neutral at this point as it’s recovering after hitting 1.3202 support. On the upside, break of 1.3386 and sustained trading above 55 D EMA (now at 1.3358) will argue that whole corrective pattern from 1.3976 has completed with three waves down
Daily Pivots: (S1) 1.3263; (P) 1.3284; (R1) 1.3300; More…. Intraday bias in USD/CAD remains neutral and outlook is unchanged. On the upside, break of 1.3386 and sustained trading above 55 D EMA (now at 1.3359) will argue that whole corrective pattern from 1.3976 has completed with three waves down to 1.3115. Further rally should then
Daily Pivots: (S1) 1.3233; (P) 1.3310; (R1) 1.3354; More…. Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3386 and sustained trading above 55 D EMA will argue that whole corrective pattern from 1.3976 has completed with three waves down to 1.3115. Further rally should then be seen to 1.3653
USD/CAD rebounded strongly to 1.3386 last week, but failed to sustain above 55 D EMA (now at 1.3366), and retreated deeply. Initial bias is turned neutral this week first. On the upside, break of 1.3386 and sustained trading above 55 D EMA will argue that whole corrective pattern from 1.3976 has completed with three waves
Daily Pivots: (S1) 1.3304; (P) 1.3339; (R1) 1.3402; More…. USD/CAD’s rebound from 1.3115 short term bottom extended higher and it’s now pressing 55 D EMA (now at 1.3369). Intraday bias stays on the upside for the moment. Sustained trading above 55 D EMA will argue that whole corrective pattern from 1.3976 has completed with three