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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 | Apr 27 15 07:58 GMT
USD/CAD is still bounded in consolidation above 1.2086 temporary low and intraday bias remains neutral. Another recovery cannot be ruled out. But again, a medium term top should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988. Though, firm break of 1.2387 will turn focus back to 1.2834 high instead.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 25 15 12:04 GMT
USD/CAD continued to consolidate above 1.2086 temporary low last week. Initial bias remains neutral and more consolidation would be seen. As noted before, a medium term top should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988. Though, firm break of 1.2387 will turn focus back to 1.2834 high instead.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 24 15 05:38 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Mid-Day Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 23 15 13:39 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 23 15 05:38 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 22 15 05:10 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 21 15 05:00 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Daily Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 20 15 08:13 GMT
Intraday bias in USD/CAD remains neutral for consolidation above 1.2086 temporary low. As noted before, a medium term should be in place at 1.2834. We'd expect recovery from 1.2086 to be limited by 1.2387 support turned resistance and bring fall resumption. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Weekly Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 18 15 12:28 GMT
USD/CAD dropped sharply to as low as 1.2086 last week before forming a temporary bottom there and recovered. Initial bias is neutral this week first. Current development suggests that medium term top might be in place 1.2834 already. Near term outlook will stay bearish as long as 1.2387 support turned resistance holds. Below 1.2086 will target 38.2% retracement of 1.0620 to 1.2834 at 1.1988.
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USD/CAD Mid-Day Outlook Print E-mail
USDCAD Outlook | Written by ActionForex.com | Apr 17 15 12:58 GMT
USD/CAD's fall continues and reaches as low as 1.2086 so far in early US session. Intraday bias remains on the downside. As noted before, prior break of 1.2351 is taken as an indication of medium term reversal. Further fall would now be seen to 38.2% retracement of 1.0620 to 1.2834 at 1.1988. On the upside, above 1.2203 minor resistance will turn bias neutral and bring consolidations first. But outlook will stay bearish as long as 1.2387 support turned resistance holds.
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