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USD/CAD Each day Outlook


Each day Pivots: (S1) 1.3758; (P) 1.3828; (R1) 1.3952; Extra…

Intraday bias in USD/CAD stays impartial for consolidation beneath 1.3976. Outlook will keep bullish so long as 1.3501 assist holds. Agency break of 1.3976 will resume bigger up pattern, and goal 200% projection of 1.2005 to 1.2947 from 1.2401 at 1.4285.

Within the larger image, up pattern from 1.2005 (2021 low) continues to be in progress. Based mostly on present impulsive momentum, it could possibly be resuming long run up pattern from 0.9056 (2007 low). Whether or not it’s or it isn’t, retest of 1.4689 (2016 excessive) needs to be seen subsequent. This can now stay the favored case so long as 1.3222 resistance turned assist holds.

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