Daily Pivots: (S1) 1.3896; (P) 1.3922; (R1) 1.3940; More…

Intraday bias in USD/CAD remains neutral and more consolidations could be seen below 1.3957. On the upside, break of 1.3.957 will resume the corrective rebound from 1.3538. But upside should be limited by 1.4014 cluster resistance to bring reversal. Meanwhile, sustained trading below 55 4H EMA (now at 1.3870) will bring deeper fall back to 1.3725 support.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069. However, sustained break of 1.4014 will argue that fall from 1.4791 has completed, and bring stronger rally to 61.8% retracement at 1.4312.

Daily Pivots: (S1) 1.3918; (P) 1.3939; (R1) 1.3965; More…

Intraday bias in USD/CAD is turned neutral first with current retreat. Above 1.3957 will resume the corrective rebound from 1.3538. But upside should be limited by 1.4014 cluster resistance to bring reversal. Meanwhile, sustained trading below 55 4H EMA (now at 1.3862) will bring deeper fall back to 1.3725 support.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069. However, sustained break of 1.4014 will argue that fall from 1.4791 has completed, and bring stronger rally to 61.8% retracement at 1.4312.

USD/CAD’s rise from 1.3538 resumed by breaking through 1.3923 last week. Initial bias stays on the upside this week for 1.4014 cluster resistance. As this rally is still seen as a corrective move, upside should be limited by 1.4014 to bring reversal. On the downside, below 1.3884 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069. However, sustained break of 1.4014 will argue that fall from 1.4791 has completed, and bring stronger rally to 61.8% retracement at 1.4312.

In the long term picture, considering bearish divergence condition in M MACD, up trend from 0.9506 (2027 low) might have completed with five waves up to 1.4791. Sustained trading below 55 M EMA (now at 1.3520) will solidify this case and bring deeper medium term fall to 38.2% retracement of 0.9056 to 1.4791 at 1.2600, even as a correction. Nevertheless, strong rebound from the 55 E MEA will retain bullishness for up trend resumption through 1.4791 later.

Daily Pivots: (S1) 1.3900; (P) 1.3925; (R1) 1.3965; More…

USD/CAD’s rally continues and the break of 1.3923 confirms resumption of whole rebound from 1.3538. Intraday bias stays on the upside for 1.4014 cluster resistance. Strong resistance is expected from there to limit upside to complete the corrective rise. On the downside, below 1.3884 minor support will turn intraday bias neutral first.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069. However, sustained break of 1.4014 will argue that fall from 1.4791 has completed, and bring stronger rally to 61.8% retracement at 1.4312.

Daily Pivots: (S1) 1.3815; (P) 1.3832; (R1) 1.3853; More…

USD/CAD’s break of 1.3889 resistance should confirm that consolidations from 13.923 has completed at 1.3725. Corrective rebound form 1.3538 should be resuming. Intraday bias is back on the upside for 1.3923 first. Firm break there will target 1.4014 key cluster resistance. On the downside, however, below 1.3841 minor support will turn intraday bias neutral again.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069.

Daily Pivots: (S1) 1.3815; (P) 1.3832; (R1) 1.3853; More…

USD/CAD is still bounded in range of 1.3725/3889 and intraday bias remains neutral. On the upside, break of 1.3889 resistance will suggest that the corrective rebound from 1.3538 is resuming, and further rise should be seen through 1.3923 high towards 1.4014 cluster resistance. However, decisive break of 1.3725 will indicate that the corrective rebound has completed, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069.

Daily Pivots: (S1) 1.3787; (P) 1.3810; (R1) 1.3840; More…

Range trading continues in USD/CAD and intraday bias stays neutral. On the upside, break of 1.3889 resistance will suggest that the corrective rebound from 1.3538 is resuming, and further rise should be seen through 1.3923 high towards 1.4014 cluster resistance. However, decisive break of 1.3725 will indicate that the corrective rebound has completed, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069.

Daily Pivots: (S1) 1.3758; (P) 1.3791; (R1) 1.3814; More…

Intraday bias in USD/CAD stays neutral and more consolidations would be seen first. On the upside, break of 1.3889 resistance will suggest that the corrective rebound from 1.3538 is resuming, and further rise should be seen through 1.3923 high towards 1.4014 cluster resistance. However, decisive break of 1.3725 will indicate that the corrective rebound has completed, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069.

USD/CAD drew support from 1.3720/5 zone again and rebounded last week but lost momentum again after hitting 1.3824. Initial bias remains neutral this week first. On the upside, break of 1.3889 resistance will suggest that the corrective rebound from 1.3538 is resuming, and further rise should be seen through 1.3923 high towards 1.4014 cluster resistance. However, decisive break of 1.3725 will indicate that the corrective rebound has completed, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 (2025 high) at 1.3069.

In the long term picture, considering bearish divergence condition in M MACD, up trend from 0.9506 (2027 low) might have completed with five waves up to 1.4791. Sustained trading below 55 M EMA (now at 1.3520) will solidify this case and bring deeper medium term fall to 38.2% retracement of 0.9056 to 1.4791 at 1.2600, even as a correction. Nevertheless, strong rebound from the 55 E MEA will retain bullishness for up trend resumption through 1.4791 later.

Daily Pivots: (S1) 1.3772; (P) 1.3791; (R1) 1.3816; More…

Intraday bias in USD/CAD remains neutral, and with 1.3725 support intact, rise from 1.3538 could still extend higher. ON the upside, break of of 1.3889 should resume the corrective rise through 1.3923 to 1.4014 cluster resistance. On the downside, though, firm break of 1.3725 will indicate that the corrective rebound has completed, and bring deeper fall back to 1.3574 support.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3738; (P) 1.3763; (R1) 1.3798; More…

Intraday bias in USD/CAD stays neutral for the moment. With 1.3725 support intact, rise from 1.3538 could still extend higher. Break of 1.3889 should resume the corrective rise through 1.3923 to 1.4014 cluster resistance. On the downside, though, firm break of 1.3725 will indicate that the corrective rebound has completed, and bring deeper fall back to 1.3574 support.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3721; (P) 1.3752; (R1) 1.3770; More…

Outlook in USD/CAD is unchanged and intraday bias stays neutral. On the downside, firm break of 1.3725 support will complete a head and shoulder top (ls: 1.3878, h: 1.3923, rs: 1.3889). That would indicate that corrective rebound from 1.3538 has already completed, and turn near term outlook bearish. Deeper fall should then be seen to 1.3574 support. On the upside, however, break of 1.3923 will resume the rebound towards 1.4014 cluster resistance.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3721; (P) 1.3752; (R1) 1.3770; More…

Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3725 support will complete a head and shoulder top (ls: 1.3878, h: 1.3923, rs: 1.3889). That would indicate that corrective rebound from 1.3538 has already completed, and turn near term outlook bearish. Deeper fall should then be seen to 1.3574 support. On the upside, however, break of 1.3923 will resume the rebound towards 1.4014 cluster resistance.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3748; (P) 1.3797; (R1) 1.3828; More…

USD/CAD drops notably today but stays above 1.3725 support. Intraday bias remains neutral at this point. On the downside, firm break of 1.3725 support will complete a head and shoulder top (ls: 1.3878, h: 1.3923, rs: 1.3889). That would indicate that corrective rebound from 1.3538 has already completed, and turn near term outlook bearish. Deeper fall should then be seen to 1.3574 support. On the upside, however, break of 1.3923 will resume the rebound towards 1.4014 cluster resistance.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3830; (P) 1.3847; (R1) 1.3863; More…

Intraday bias in USD/CAD remains neutral and outlook is unchanged. On the downside, firm break of 1.3725 support will indicate that corrective rebound from 1.3538 has already completed, and turn near term outlook bearish. However, break of 1.3923 will resume the rebound towards 1.4014 cluster resistance.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

USD/CAD recovered to 1.3889 last week but lost momentum since then. Initial bias remains neutral this week first. On the downside, firm break of 1.3725 support will indicate that corrective rebound from 1.3538 has already completed, and turn near term outlook bearish. However, break of 1.3923 will resume the rebound towards 1.4014 cluster resistance.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

In the long term picture, considering bearish divergence condition in M MACD, up trend from 0.9506 (2027 low) might have completed with five waves up to 1.4791. Sustained trading below 55 M EMA (now at 1.3511) will solidify this case and bring deeper medium term fall to 38.2% retracement of 0.9056 to 1.4791 at 1.2600, even as a correction. Nevertheless, strong rebound from the 55 E MEA will retain bullishness for up trend resumption through 1.4791 later.

Daily Pivots: (S1) 1.3810; (P) 1.3850; (R1) 1.3875; More…

Intraday bias in USD/CAD remains neutral at this point. On the upside, firm break of 1.3923 resistance will resume whole corrective rebound from 1.3538. However, sustained break of 1.3725 will argue that the rebound has completed at 1.3923, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3840; (P) 1.3855; (R1) 1.3879; More…

No change in USD/CAD’s outlook and intraday bias stays neutral. On the upside, firm break of 1.3923 resistance will resume whole corrective rebound from 1.3538. However, sustained break of 1.3725 will argue that the rebound has completed at 1.3923, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3805; (P) 1.3833; (R1) 1.3871; More…

Intraday bias in USD/CAD remains neutral for the moment. On the upside, firm break of 1.3923 resistance will resume whole corrective rebound from 1.3538. However, sustained break of 1.3725 will argue that the rebound has completed at 1.3923, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 1.3779; (P) 1.3812; (R1) 1.3836; More…

Intraday bias in USD/CAD is turned neutral again with current retreat. On the upside, firm break of 13.923 resistance will resume whole corrective rebound from 1.3538. However, sustained break of 1.3725 will argue that the rebound has completed at 1.3923, and turn near term outlook bearish.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 cluster resistance (38.2% retracement of 1.4791 to 1.3538 at 1.4017) holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.