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Action Insight: USDCAD Technical Outlook

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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Oct 01 14 05:08 GMT
USD/CAD's rally extends to as high as 1.1214 so far today and the break of channel resistance suggests upside acceleration. intraday bias remains on the upside for 1.1278 resistance next. Break there will confirm resumption of the larger up trend from 0.9406. On the downside, below 1.1134 minor support will turn bias neutral and bring consolidations. But retreat should be contained well above 1.0886 support and bring rally resumption.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 30 14 06:37 GMT
With 1.1092 minor support intact, further rally is still expected in USD/CAD. . Current rise from 1.0620 should extend for a test on 1.1278 resistance. On the downside, below 1.1092 minor support will turn bias neutral and bring consolidations. But near term outlook will stays bullish as long as 1.0886 support holds and further rise is still expected in case of retreat.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 29 14 07:01 GMT
USD/CAD's rally continues today and intraday bias remains on the upside. Current rise from 1.0620 should extend for a test on 1.1278 resistance. On the downside, below 1.1092 minor support will turn bias neutral and bring consolidations. But near term outlook will stays bullish as long as 1.0886 support holds and further rise is still expected in case of retreat.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 27 14 08:09 GMT
USD/CAD's rally from 1.6020 resumed last week by taking out 1.1098 and reached as high as 1.1168. Initial bias remains on the upside this week for a test on 1.1278 resistance. Break there will resume the larger up trend. On the downside, below 1.1092 minor support will turn bias neutral and bring consolidations. But near term outlook will stays bullish as long as 1.0886 support holds and further rise is still expected in case of retreat.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 26 14 06:33 GMT
USD/CAD's rally continues today and reaches as high as 1.1132 so far. Intraday bias remains on the upside and current rally from 1.0620 should target 1.1278 key resistance next. On the downside, below 1.0986 minor support will turn bias neutral again. But near term outlook will stays bullish as long as 1.0886 support holds and further rise is still expected in case of retreat.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 25 14 03:46 GMT
USD/CAD's break of 1.1098 confirmed resumption of rally from 1.0620. Intraday bias is back on the upside and would target 1.1278 key resistance next. On the downside, below 1.0986 minor support will turn bias neutral again. But near term outlook will stays bullish as long as 1.0886 support holds and further rise is still expected in case of retreat.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 24 14 03:37 GMT
Intraday bias in USD/CAD remains mildly on the upside for retesting 1.1098 resistance. Break will resume whole rally from 1.0620 and will target a test on 1.1278 key resistance. Before that, the consolidation from 1.1098 could extend further. Below 1.0986 minor support will turn bias back to the downside for 1.0886 and below. But in that case, downside should be contained by 1.0810 cluster support (61.8% retracement of 1.0620 to 1.1098 at 1.0803).
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 23 14 02:48 GMT
The break of 1.1023 minor resistance suggested that pull back from 1.1098 is already completed at 1.0886 already. Intraday bias is mildly on the upside for retesting 1.1098 first. Break will resume whole rally from 1.0620 and will target a test on 1.1278 key resistance. The consolidation from 1.1098 could extend further and in case of another fall, downside should be contained by 1.0810 cluster support (61.8% retracement of 1.0620 to 1.1098 at 1.0803.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 22 14 08:10 GMT
With 1.1023 minor resistance intact, deeper decline could still be seen in USD/CAD focus is on 1.0810 cluster support (61.8% retracement of 1.0620 to 1.1098 at 1.0803. Break there will argue that rebound from 1.0620 is completed and bring retest of this support. Though, with 1.0810 cluster intact, another rise will remain mildly in favor. Above 1.1023 minor resistance will turn bias back to the upside for 1.1098 first.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Sep 20 14 09:13 GMT
The pull back from 1.1098 last week was deeper than expected and the development dampened the immediate bullish case. Initial bias is mildly on the downside with focus on 1.0810 cluster support (61.8% retracement of 1.0620 to 1.1098 at 1.0803. Break there will argue that rebound from 1.0620 is completed and bring retest of this support. Though, with 1.0810 cluster intact, another rise will remain mildly in favor. Above 1.1023 minor resistance will turn bias back to the upside for 1.1098 first.
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