USD/CAD’s rebound from 1.3313 extended higher last week but failed to break through 1.3666 resistance. Initial bias is turned neutral this week first. Overall, price actions from 1.3976 are seen as a triangle consolidation pattern. Above 1.3666 will target 1.3860 resistance first. Firm break of 1.3860 will argue that larger up trend is ready to
USDCAD Outlook
Daily Pivots: (S1) 1.3605; (P) 1.3626; (R1) 1.3664; More…. Intraday bias in USD/CAD remains on the upside at this point. Break of 1.3666 resistance will extend the rise from 1.3313 to 1.3860 resistance next. Price actions from 1.3976 are seen as a triangle consolidation pattern. Firm break of 1.3860 will argue that larger up trend
Daily Pivots: (S1) 1.3526; (P) 1.3565; (R1) 1.3635; More…. USD/CAD’s rise from 1.3313 resumed by breaking through 1.3566 resistance and intraday bias is back on the upside. Break of 1.3666. will target 1.3860 resistance next. Price actions from 1.3976 are seen as a triangle consolidation pattern. Firm break of 1.3860 will argue that larger up
Daily Pivots: (S1) 1.3475; (P) 1.3512; (R1) 1.3539; More…. Intraday bias in USD/CAD stays neutral at this point. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume the rebound from 1.3313 towards 1.3666 resistance and then 1.3860. However, firm break of 1.3313 support will invalidate this view
Daily Pivots: (S1) 1.3488; (P) 1.3504; (R1) 1.3521; More…. Intraday bias in USD/CAD remains neutral and outlook is unchanged. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume the rebound from 1.3313 towards 1.3666 resistance and then 1.3860. However, firm break of 1.3313 support will invalidate this
Daily Pivots: (S1) 1.3470; (P) 1.3496; (R1) 1.3524; More…. Intraday bias in USD/CAD remains neutral as range trading continues. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume the rebound from 1.3313 towards 1.3666 resistance and then 1.3860. However, firm break of 1.3313 support will invalidate this
USD/CAD’s stayed in range between 1.3313/3566 last week and outlook is unchanged. Overall, the pair is seen as extending the triangle consolidation pattern from 1.3976. Above 1.3566 will resume the rebound from 1.3313 towards 1.3666 resistance and then 1.3860. However, firm break of 1.3313 support will invalidate this view and indicate that deeper correction is