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USD/CAD Day by day Outlook


Day by day Pivots: (S1) 1.3564; (P) 1.3611; (R1) 1.3639; Extra….

USD/CAD is extending the consolidation from 1.3664 and intraday bias stays impartial first. Additional rally is in favor so long as 1.3474 resistance turned assist holds. Break of 1.3664 will resume the rise from 1.3261. Sustained buying and selling above 1.3684 will verify that corrective sample from 1.3976 has accomplished, and convey retest of this excessive.

Within the greater image, outlook stays bullish with 1.3222 cluster assist (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume bigger up development from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

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