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Action Insight: USDCAD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jul 01 15 04:45 GMT
The rise from 1.2127 resumed by taking out 1.2422 and reaches as high as 1.2499 so far. Intraday bias is back on the upside for testing 1.2562 resistance. Rise from 1.1919 is likely resuming and break of 1.2562 will target a test on 1.2834 key resistance next. Meanwhile, below 1.2302 minor support will turn bias back to the downside for 1.2127 support instead.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 30 15 05:21 GMT
Intraday bias in USD/CAD remains neutral for the moment. On the upside, above 1.2422 will target 1.2562 resistance. Break will resume the rise from 1.1919 and will target a test on 1.2834 key resistance next. On the downside, though, below 1.2276 minor support will turn bias to the downside for 1.2127. In such case, the correction from 1.2834 would likely extend for another low below 1.1919.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 29 15 04:04 GMT
Intraday bias in USD/CAD remains neutral for the moment. On the upside, above 1.2422 will target 1.2562 resistance. Break will resume the rise from 1.1919 and will target a test on 1.2834 key resistance next. On the downside, though, below 1.2276 minor support will turn bias to the downside for 1.2127. In such case, the correction from 1.2834 would likely extend for another low below 1.1919.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 27 15 05:17 GMT
USD/CAD's recover from 1.2127 lost momentum after hitting 1.2422 and initial bias is neutral this week first. On the upside, above 1.2422 will target 1.2562 resistance. Break will resume the rise from 1.1919 and will target a test on 1.2834 key resistance next. On the downside, though, below 1.2276 minor support will turn bias to the downside for 1.2127. In such case, the correction from 1.2834 would likely extend for another low below 1.1919.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 26 15 03:23 GMT
With 1.2276 minor support intact, further rise is still expected in USD/CAD for 1.2562 resistance. Break will confirm resumption of rebound from 1.1919 and should target a test on 1.2834 high. On the downside, though, below 1.2276 minor support will dampen the bullish case and turn bias back to the downside for 1.2127 support instead.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 25 15 05:24 GMT
USD/CAD's recovery from 1.2127 is still in progress and intraday bias remains on the upside for 1.2562 resistance. Break will confirm resumption of rebound from 1.1919 and should target a test on 1.2834 high. On the downside, though, below 1.2276 minor support will dampen the bullish case and turn bias back to the downside for 1.2127 support instead.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 24 15 04:05 GMT
The rebound from 1.2127 extended higher and the breach of 1.2360 minor resistance suggested that pull back from 1.2562 is completed at 1.2127 already. Intraday bias in USD/CAD is mildly on the upside for resting 1.2562. Break will target a test on 1.2834 high next. Nonetheless, below 1.2217 minor support will dampen this bullish view and turn bias back to the downside for 1.2127 instead.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 23 15 04:49 GMT
USD/CAD rebound from 1.2127 extends higher with focus staying on 1.2360 minor resistance. Pull back from 1.2562 is viewed as a correction and break of 1.2360 will confirm its completion at 1.2127. In such case, intraday bias will be turned back to the upside for retesting 1.2562 resistance first. Break will extend the rebound from 1.1919 to retest 1.2834 high.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 22 15 09:02 GMT
Intraday bias in USD/CAD is neutral for the moment with focus on 1.2360 minor resistance. Break will indicate that pull back from 1.2562 has completed. In such case, intraday bias will be turned to the upside for retesting 1.2562 resistance first. Break will extend the rebound from 1.1919 to retest 1.2834 high.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Jun 20 15 09:08 GMT
USD/CAD dropped to as low as 1.2127 last week but quickly recovered after breaching 61.8% retracement of 1.1919 to 1.2562 at 1.2165. Initial bias is neutral this week first. At this point, we're treating such decline as a correction. Above 1.2360 minor resistance will turn bias back to the upside for retesting 1.2562 resistance first. Break will extend the rebound from 1.1919 to retest 1.2834 high.
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