Daily Pivots: (S1) 1.3174; (P) 1.3208; (R1) 1.3259; More…. No change in USD/CAD’s outlook as range trading continues. Intraday bias stays neutral at this point. 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
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USD/CAD edged lower to 1.3091 last week but quickly recovered. Initial bias is turned neutral this week first. But outlook will remain bearish as long as 1.3386 resistance holds. Break of 1.3091 will resume larger decline to 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054. However, firm break of 1.3386 will indicate near
Daily Pivots: (S1) 1.3078; (P) 1.3136; (R1) 1.3169; More…. USD/CAD’s fall is still in progress and intraday bias stays on the downside. Break of 1.3115 indicates resumption of larger down trend. Next targets are 61.8% projection of 1.3653 to 1.3115 from 1.3386 at 1.3054, and then 100% projection at 1.2848. On the upside, above 1.3233
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
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