USDCAD Outlook

usd/cad-mid-day-outlook

28 Feb: USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3496; (P) 1.3518; (R1) 1.3550; More… USD/CAD’s rally from 1.3176 is resuming today by breaking 1.3585 resistance. Intraday bias is back on the upside for 100% projection of 1.3761 to 1.3540 from 1.3357 at 1.3721 next. For now, near term outlook will stay bullish as long as 1.3439 support holds, in case

usd/cad-day-by-day-outlook

28 Feb: USD/CAD Day by day Outlook

Daily Pivots: (S1) 1.3496; (P) 1.3518; (R1) 1.3550; More… Intraday bias in USD/CAD remains neutral for the moment, as sideway trading continues. With 1.3357 support intact, further rally is expected. On the upside, break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from

usd/cad-every-day-outlook

27 Feb: USD/CAD Every day Outlook

Daily Pivots: (S1) 1.3490; (P) 1.3510; (R1) 1.3524; More… USD/CAD is staying in sideway trading below 1.3585 and intraday bias remains neutral. With 1.3357 support intact, further rally is expected. On the upside, break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from

usd/cad-each-day-outlook

26 Feb: USD/CAD Each day Outlook

Daily Pivots: (S1) 1.3475; (P) 1.3497; (R1) 1.3531; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. With 1.3357 support intact, further rally is expected. On the upside, break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from 1.3176 has completed

usd/cad-weekly-outlook

24 Feb: USD/CAD Weekly Outlook

USD/CAD stayed in consolidation below 1.3585 last week and outlook is unchanged. Further rally is expected as long as 1.3357 support holds. Break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from 1.3176 has completed and bring retest of this low. In the

usd/cad-each-day-outlook

23 Feb: USD/CAD Each day Outlook

Daily Pivots: (S1) 1.3446; (P) 1.3477; (R1) 1.3514; More… Intraday bias in USD/CAD remains neutral as range trading continues inside 1.3357/3585. With 1.3357 support intact, further rally is expected. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from

usd/cad-day-by-day-outlook

22 Feb: USD/CAD Day by day Outlook

Daily Pivots: (S1) 1.3487; (P) 1.3512; (R1) 1.3529; More… Range trading continues in USD/CAD and intraday bias stays neutral. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. In the bigger picture