Daily Pivots: (S1) 1.3195; (P) 1.3232; (R1) 1.3262; More….

USD/CAD recovers notably today but stays below 1.3278 minor resistance. Intraday bias remains neutral first. On the upside, break of 1.3278 will suggest that corrective fall from 1.3329 has completed at 1.3202 already. Intraday bias will be turned back to the upside for 1.3327/29 resistance zone. Decisive break there should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high. On the downside, break of 1.3202 will extend the correction. But downside should be contained above 1.3104 resistance turned support to bring rebound.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

USD/CAD gyrated lower last week as correction from 1.3329 extended. Outlook is unchanged as further fall could be seen this week to 55 day EMA (now at 1.3192) and below. But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

In the longer term picture, outlook remains unchanged that price actions from 1.4689 (2016 high) are forming a corrective pattern. As long as 1.2061 support holds. Up trend from 0.9406 (2011 low) is in favor to resume through 1.4689 at a later stage.

Daily Pivots: (S1) 1.3224; (P) 1.3247; (R1) 1.3281; More….

With 1.3278 minor resistance intact, corrective fall from 1.3329 short term top could still extend lower to 55 day EMA (now at 1.3193). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3203; (P) 1.3233; (R1) 1.3250; More….

Intraday bias in USD/CAD mildly on the downside. Corrective fall from 1.3329 short term top is in progress for 55 day EMA (now at 1.3190). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3221; (P) 1.3241; (R1) 1.3256; More….

USD/CAD’s corrective fall from 1.3329 extends lower today and intraday bias stays on the downside for 55 day EMA (now at 1.3189). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3221; (P) 1.3241; (R1) 1.3256; More….

No change in USD/CAD’s outlook as corrective fall from 1.3329 short term top is still in progress. Deeper decline could be seen to 55 day EMA (now at 1.3189). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3221; (P) 1.3241; (R1) 1.3256; More….

USD/CAD’s corrective fall from 1.3329 might still extend to 55 day EMA (now at 1.3186). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3236; (P) 1.3252; (R1) 1.3269; More….

Intraday bias in USD/CAD remains on the downside at this point. Corrective fall from 1.3327 is in progress for 55 day EMA (now at 1.3182). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

USD/CAD edged higher to 1.3329 last week but failed to sustained above 1.3327 key resistance and retreated. Initial bias is mildly on the downside for retreat to 55 day EMA (now at 1.3180). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

In the longer term picture, outlook remains unchanged that price actions from 1.4689 (2016 high) are forming a corrective pattern. As long as 1.2061 support holds. Up trend from 0.9406 (2011 low) is in favor to resume through 1.4689 at a later stage.

Daily Pivots: (S1) 1.3248; (P) 1.3260; (R1) 1.3278; More….

Intraday bias in USD/CAD remains mildly on the downside. Corrective fall from 1.3329 short term top could target 55 day EMA (now at 1.3183). But downside should be contained above 1.3104 resistance turned support to bring another rally. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3229; (P) 1.3262; (R1) 1.3289; More….

Intraday bias in USD/CAD remains mildly on the downside for the moment. Corrective fall from 1.3329 short term top could target 55 day EMA (now at 1.3180). But downside should be contained above 1.3104 resistance turned support to bring another rally. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3270; (P) 1.3295; (R1) 1.3313; More….

USD/CAD’s break of 1.3262 minor support suggests short term topping at 1.3329, after failing to sustain above 1.3327 resistance. Intraday bias is turned back to the downside for 55 day EMA (now at 1.3177). But downside should be contained above 1.3104 resistance turned support to bring another rally. On the upside, sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3270; (P) 1.3295; (R1) 1.3313; More….

Intraday bias in USD/CAD is turned neutral with current retreat. Focus stays on 1.3327 key resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Sustained break of 1.3327 resistance should confirm this bullish case and pave the way for retest of 1.3664 high. However, break of 1.3262 will indicate short term topping and bring deeper pull back to 55 day EMA (now at 1.3178).

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3296; (P) 1.3312; (R1) 1.3336; More….

Intraday bias in USD/CAD stays on the upside with focus on 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Sustained break of 1.3327 resistance should confirm this bullish case and pave the way for retest of 1.3664 high. On the downside, below 1.3262 minor support will turn intraday bias neutral for consolidation first, before staging another rally.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3285; (P) 1.3302; (R1) 1.3325; More….

USD/CAD is losing some upside momentum as seen in 4 hour MACD. But intraday bias stays on the upside with 1.3262 minor support intact. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Sustained break of 1.3327 resistance should confirm this bullish case and pave the way for retest of 1.3664 high. On the downside, below 1.3262 minor support will turn intraday bias neutral for consolidation first, before staging another rally.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

USD/CAD’s rise from 1.2951 extended higher last week and outlook is unchanged. Corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Initial bias remains on the upside this week for 1.3327. Firm break there should confirm this bullish case and pave the way for retest of 1.3664 high. On the downside, below 1.3262 minor support will turn intraday bias neutral for consolidation first, before staging another rally.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

In the longer term picture, outlook remains unchanged that price actions from 1.4689 (2016 high) are forming a corrective pattern. As long as 1.2061 support holds. Up trend from 0.9406 (2011 low) is in favor to resume through 1.4689 at a later stage.

Daily Pivots: (S1) 1.3267; (P) 1.3288; (R1) 1.3306; More….

USD/CAD’s rally resumes after brief consolidation and intraday bias is back on the upside for 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Decisive break of 1.3327 should confirm this bullish case. On the downside, below 1.3262 minor support will turn intraday bias neutral for consolidations again.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3262; (P) 1.3283; (R1) 1.3302; More….

Intraday bias in USD/CAD is turned neutral first, with 4 hour MACD crossed below signal line. Focus stays on 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Decisive break of 1.3327 should confirm this bullish case. For now, this will remain the preferred case as long as 1.3104 resistance turned support holds.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3261; (P) 1.3281; (R1) 1.3299; More….

Intraday bias in USD/CAD remains on the upside for 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Decisive break of 1.3327 should confirm this bullish case. On the downside, below 1.3231 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3104 resistance turned support to bring another rally.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.

Daily Pivots: (S1) 1.3245; (P) 1.3275; (R1) 1.3320; More….

USD/CAD’s rally is still in progress and intraday bias remains on the upside for 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Decisive break of 1.3327 should confirm this bullish case. On the downside, below 1.3231 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3104 resistance turned support to bring another rally.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.