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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 | Oct 22 14 03:52 GMT
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Again, near term outlook stays bullish as long as 1.1081 support holds and further rally is expected. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 21 14 03:13 GMT
Intraday bias in USD/CAD remains neutral and some more consolidation from 1.1385 would be seen. But near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 20 14 02:49 GMT
Intraday bias in USD/CAD remains neutral and some more consolidation from 1.1385 would be seen. But near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 18 14 09:27 GMT
USD/CAD surged to as high as 1.1385 last week but formed a temporary top there and retreated. Initial bias is neutral this week for some more consolidations. But near term outlook stays bullish as long as 1.1081 support holds. Above 1.1385 will extend the rise from 1.0620 to 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 17 14 03:02 GMT
USD/CAD's consolidation from 1.1385 is still in progress and intraday bias remains neutral. Near term outlook remains bullish with 1.1081 support intact and further rise is expected. Above 1.1385 will target 200% projection of 1.0620 to 1.0985 from 1.0810 at 1.1540. However, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 16 14 03:57 GMT
USD/CAD faced some resistance from 161.8% projection of 1.0620 to 1.0985 from 1.0810 at 1.1401 and retreated. Intraday bias is turned neutral for some consolidations first. As long as 1.1081 support holds, further rally is still expected. Though, break of 1.1081 will bring lengthier correction before staging another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 15 14 04:39 GMT
The strong break of 1.1278 resistance confirmed larger up trend resumption. Intraday bias is back on the upside. Current rally should target 161.8% projection of 1.0620 to 1.0985 from 1.0810 at 1.1401 next. On the downside, below 1.1258 minor support will turn bias neutral and bring retreat. But downside should be contained above 1.1081 support and bring another rally.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 14 14 06:18 GMT
Intraday bias in USD/CAD remains neutral for the moment as consolidation from 1.1270 might extend. With 1.1071 support intact, further rise is still in favor in the pair. Break of 1.1278 resistance will confirm resumption of the larger up trend and will target next medium term fibonacci level at 1.1666. However, break of 1.1071 support will indicate near term reversal and will turn bias back to the downside for 55 days EMA (now at 1.1014) and below.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 13 14 08:50 GMT
Intraday bias in USD/CAD remains neutral for the moment as consolidation from 1.1270 might extend. With 1.1071 support intact, further rise is still in favor in the pair. Break of 1.1278 resistance will confirm resumption of the larger up trend and will target next medium term fibonacci level at 1.1666. However, break of 1.1071 support will indicate near term reversal and will turn bias back to the downside for 55 days EMA (now at 1.1014) and below.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 11 14 09:28 GMT
USD/CAD consolidation below 1.1278 key resistance last week and engaged in sideway trading. Initial bias remains neutral this week first. With 1.1071 support intact, further rise is still in favor in the pair. Break of 1.1278 resistance will confirm resumption of the larger up trend and will target next medium term fibonacci level at 1.1666. However, break of 1.1071 support will indicate near term reversal and will turn bias back to the downside for 55 days EMA (now at 1.1007) and below.
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