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
USDCAD Outlook
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
Daily Pivots: (S1) 1.3170; (P) 1.3205; (R1) 1.3241; More…. USD/CAD is still bounded in sideway trading and intraday bias stays neutral. Further decline is expected as long as 1.3386 resistance holds. Break of 1.3091 will resume larger fall and target 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054. However, firm break of 1.3386
Daily Pivots: (S1) 1.3143; (P) 1.3176; (R1) 1.3206; More…. Intraday bias in USD/CAD remains neutral for the moment, and outlook is unchanged. Further decline is expected as long as 1.3386 resistance holds. Break of 1.3091 will resume larger fall and target 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054. However, firm break of
Daily Pivots: (S1) 1.3136; (P) 1.3182; (R1) 1.3215; More…. Range trading continues in USD/CAD and intraday bias remains neutral for the moment. Further decline is expected as long as 1.3386 resistance holds. Break of 1.3091 will resume larger fall and target 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054. However, firm break of