Daily Pivots: (S1) 1.2781; (P) 1.2818; (R1) 1.2857; More….

Intraday bias in USD/CAD stays neutral first. On the upside, break of 1.2957 will resume the rebound from 1.2688 short term bottom, for 1.3172 resistance. On the downside, decisive break of 1.2688 will resume larger down trend instead.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2815; (P) 1.2846; (R1) 1.2877; More….

Intraday bias in USD/CAD remains neutral for the moment. Another rise is mildly in favor with a short term bottom in place at 1.2688. On the upside, above 1.2957 will target 1.3172 resistance first. Break there will extend the rebound to 1.3389 key structural resistance next.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2827; (P) 1.2877; (R1) 1.2924; More….

Intraday bias in USD/CAD is turned neutral as it retreated after hitting 1.2957. Another rise is mildly in favor with a short term bottom in place at 1.2688. On the upside, above 1.2957 will target 1.3172 resistance first. Break there will extend the rebound to 1.3389 key structural resistance next.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2857; (P) 1.2896; (R1) 1.2947; More….

Intraday bias in USD/CAD says mildly on the upside. A short term bottom was formed at 1.2668 on bullish convergence condition in 4 hour MACD. Further rise would be seen to 55 day EMA and break will target 1.3172 resistance. On the downside, break of 1.2688 low is now needed to confirm down trend resumption. Otherwise, risk will be mildly on the upside for more correction.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2775; (P) 1.2866; (R1) 1.2950; More….

Intraday bias in USD/CAD remains mildly on the upside at this point. A short term bottom was formed at 1.2668 on bullish convergence condition in 4 hour MACD. Further rise would be seen to 55 day EMA and break will target 1.3172 resistance. On the downside, break of 1.2688 low is now needed to confirm down trend resumption. Otherwise, risk will be mildly on the upside for more correction.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2734; (P) 1.2767; (R1) 1.2815; More….

USD/CAD’s breach of 1.2928 support turned resistance suggests short term bottoming at 1.2688, on bullish convergence condition in 4 hour MACD. Intraday bias is mildly on the upside. Break of 55 day EMA will target 1.3172 resistance. On the downside, break of 1.2688 low is now needed to confirm down trend resumption. Otherwise, risk will be mildly on the upside for more correction.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2734; (P) 1.2767; (R1) 1.2815; More….

USD/CAD’s rebound from 1.2688 extends higher today, but stays below 1.2928 support turned resistance so far. Intraday bias remains neutral first. Outlook stays bearish for now and another decline is expected. On the downside, break of 1.2688 will resume larger down trend from 1.4677. However, on the upside, decisive break of 1.2928 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD. Bias will be turned back to the upside for 55 day EMA (now at 1.3003) first.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

USD/CAD edged lower to 1.2688 last week but turned into sideway consolidation since then. Initial bias remains neutral this week for some more sideway trading first. Still, outlook remains bearish as long as 1.2928 support turned resistance holds. Break of 1.2688 will resume larger down trend from 1.4677. Next near term target is 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

In the longer term picture, we’re viewing price actions from 1.4689 as a consolidation pattern. Thus, up trend from 0.9506 (2007 low) is still expected to resume at a later stay. This will remain the favored case as long as 1.2061 support holds, which is close to 50% retracement of 0.9406 to 1.4689 at 1.2048.

Daily Pivots: (S1) 1.2691; (P) 1.2721; (R1) 1.2753; More….

USD/CAD is staying in consolidation from 1.2668 temporary low and intraday bias remains neutral. In case of another recovery, upside should be limited by 1.2928 support turned resistance. On the downside, break of 1.2688 will resume recent down trend for 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2693; (P) 1.2742; (R1) 1.2786; More….

Intraday bias in USD/CAD remains neutral at this point and some more consolidations could be seen. In case of another recovery, upside should be limited by 1.2928 support turned resistance. On the downside, break of 1.2688 will resume recent down trend for 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2668; (P) 1.2720; (R1) 1.2752; More….

USD/CAD breached 1.2706 temporary low briefly but quickly recovered. Intraday bias remains neutral first. Outlook stays bearish with 1.2928 support turned resistance intact. Firm break of 1.2706 will confirm down trend resumption for target 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2728; (P) 1.2759; (R1) 1.2798; More….

USD/CAD is staying in consolidation above 1.2706 temporary low and intraday bias remains neutral first. In case of another recovery, upside should be limited by 1.2928 support turned resistance to bring fall resumption. On the downside, firm break of 1.2706 will target 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2726; (P) 1.2759; (R1) 1.2799; More….

Intraday bias in USD/CAD remains neutral for some consolidations first. Upside of recovery should be limited by 1.2928 support turned resistance to bring fall resumption. On the downside, firm break of 1.2706 will target 161.8% projection of 1.3389 to 1.2928 from 1.3172 at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

USD/CAD’s down trend extended to as low as 1.2706 last week. But a temporary low was formed after hitting 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711. Initial bias is turned neutral for some consolidations first. Upside of recovery should be limited by 1.2928 support turned resistance to bring fall resumption. On the downside, firm break of 1.2706 will target 161.8% projection at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

In the longer term picture, we’re viewing price actions from 1.4689 as a consolidation pattern. Thus, up trend from 0.9506 (2007 low) is still expected to resume at a later stay. This will remain the favored case as long as 1.2061 support holds, which is close to 50% retracement of 0.9406 to 1.4689 at 1.2048.

Daily Pivots: (S1) 1.2690; (P) 1.2759; (R1) 1.2812; More….

USD/CAD falls to as low as 1.2706 so far and matched target of 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 already. Intraday bias stays on the downside for 161.8% projection at 1.2426. next. On the upside, break of 1.2833 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2782; (P) 1.2808; (R1) 1.2845; More….

USD/CAD’s fall resumes after brief consolidation and intraday bias is back on the downside. Current down trend should target 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 next. Break will target 161.8% projection at 1.2426. On the upside, however, break of 1.2833 minor resistance will turn intraday bias neutral again and bring more consolidations.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2782; (P) 1.2808; (R1) 1.2845; More….

USD/CAD is staying in consolidation from 1.2768 temporary low and intraday bias remains neutral. In case of another recovery, upside should be limited by 1.2928 support turned resistance to bring fall resumption. On the downside, break of 1.2768 will target 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 next. Break will target 161.8% projection at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2783; (P) 1.2804; (R1) 1.2840; More….

Intraday bias in USD/CAD remains neutral for some more consolidations. Upside of recovery should be limited by 1.2928 support turned resistance and bring another fall. On the downside, break of 1.2768 will target 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 next. Break will target 161.8% projection at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2774; (P) 1.2804; (R1) 1.2832; More….

A temporary low is formed at 1.2772 as USD/CAD lost downside momentum. Intraday bias is turned neutral first. Upside of recovery should be limited by 1.2928 support turned resistance and bring another fall. On the downside,e break of 1.2772 will target 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 next. Break will target 161.8% projection at 1.2426.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.2747; (P) 1.2811; (R1) 1.2848; More….

Intraday bias in USD/CAD remains on the downside for the moment. Current down trend should target 100% projection of 1.3389 to 1.2928 from 1.3172 at 1.2711 next. Break will target 161.8% projection at 1.2426. On the upside, above 1.2868 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). Further decline should be seen back to 1.2061 (2017 low). In any case, break of 1.3389 resistance is needed to indicate medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.