Daily Pivots: (S1) 1.3141; (P) 1.3160; (R1) 1.3183; More…

Intraday bias in USD/CAD remains mildly on the upside for the moment. Rebound from 1.3042 short term bottom should extend higher. Sustained break of 55 day EMA (now at 1.3202) will bring further rise to 1.3382 resistance. For now, in case of another retreat, downside should be contained above 1.3042 to bring rise resumption.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3088; (P) 1.3149; (R1) 1.3222; More…

Intraday bias in USD/CAD remains on the upside at this point. A short term bottom should be formed at 1.3042, ahead of 1.3016 key support. Sustained break of 55 day EMA (now at 1.3202) will bring further rise to 1.3382 resistance. For now, in case of another retreat, downside should be contained above 1.3042 to bring rise resumption.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3053; (P) 1.3077; (R1) 1.3111; More…

USD/CAD’s break of 1.3122 resistance suggests that a short term bottom is formed at 1.3042, ahead of 1.3016 key support. Intraday bias is turned back to the upside for 55 day EMA (now at 1.3202). Sustained break there will bring further rise to 1.3382 resistance. For now, in case of another fall, downside should be contained above 1.3042 to bring rise resumption.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3053; (P) 1.3077; (R1) 1.3111; More…

A temporary low is formed at 1.3042 in USD/CAD, ahead of 1.3016 key support. Intraday bias is turned neutral first. On the upside, break of 1.3122 minor resistance will confirm short term bottoming. Intraday bias will be turned back to the upside for 55 day EMA (now at 1.3202). On the downside, however, decisive break of 1.3016 will carry larger bearish implications and target 1.2781 support next.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3044; (P) 1.3062; (R1) 1.3073; More…

Further decline is expected in USD/CAD with focus on 1.3016. Considering loss of downside momentum, we’d expect strong support from there to contain downside to bring rebound. On the upside, break of 1.3122 minor resistance will turn bias back to the upside for 55 day EMA (now at 1.3205). However, decisive break of 1.3016 will carry larger bearish implications and target 1.2781 support next.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3052; (P) 1.3064; (R1) 1.3073; More…

Considering loss of downside momentum as seen in 4 hour MACD, we’d expect strong support from 1.3016 to contain downside to bring rebound. On the upside, break of 1.3122 minor resistance will turn bias back to the upside for 55 day EMA (now at 1.3212). However, decisive break of 1.3016 will carry larger bearish implications and target 1.2781 support next.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

USD/CAD spiral lower last week with diminishing downside momentum, as seen in 4 hour MACD. While further decline might be seen initially this week, we’d expect strong support from 1.3016 to contain downside and bring rebound. ON the upside, break of 1.3122 minor resistance will turn bias back to the upside for 55 day EMA (now at 1.3217). However, decisive break of 1.3016 will carry larger bearish implications and target 1.2781 support next.

In the bigger picture, 38.2% retracement of 1.2061 to 1.3664 at 1.3052 remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

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) in in favor to resume through 1.4689 at a later stage.

Daily Pivots: (S1) 1.3052; (P) 1.3072; (R1) 1.3092; More…

Intraday bias in USD/CAD remains on the downside and further fall could be seen to 1.3016 key support. Based on diminishing downside momentum as seen in 4 hour MACD, downside could be contained there to bring rebound first. On the upside, above 1.3122 minor resistance will turn bias to the upside for recovery. However, decisive break of 1.3016 will carry larger bearish implications.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3057; (P) 1.3084; (R1) 1.3098; More…

USD/CAD’s fall resumed after brief consolidation and intraday bias is back on the downside. Fall from 1.3382 should target 1.3016 key support next. on the upside, above 1.3122 minor resistance will turn intraday bias against first.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3067; (P) 1.3095; (R1) 1.3119; More…

A temporary low is formed at 1.3071 in USD/CAD with 4 hour MACD crossed above signal line. Intraday bias is turned neutral first but further decline is expected as long as 1.3239 resistance holds. On the downside, break of 1.3071 will target 1.3016 key support next. Decisive break there will carry larger bearish implications. However, break of 1.3239 will suggests that whole fall from 1.3382 has completed and bring retest of this resistance.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3068; (P) 1.3103; (R1) 1.3125; More…

USD/CAD’s fall is still in progress and intraday bias remains on the downside for 1.3016 low. Decisive break there will carry larger bearish implications. Next downside target will be 1.2781 support. On the upside, above 1.3145 minor resistance will turn bias neutral first. In this case, we’ll look at the structure of any subsequent rebound to assess the chance of bottoming.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3115; (P) 1.3131; (R1) 1.3141; More…

Intraday bias in USD/CAD remains on the downside at this point. Fall from 1.3382 should target 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 first. Sustained break there will pave the way to 1.3016 low next. On the upside, above 1.3171 minor resistance will turn intraday bias neutral and bring consolidation first, before staging another decline.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

USD/CAD’s decline from 1.3382 resumed by breaking 1.3133 support last week. Initial bias stays on the downside this week for 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 first. Sustained break there will pave the way to 1.3016 low next. On the upside, above 1.3171 minor resistance will turn intraday bias neutral and bring consolidation first, before staging another decline.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

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) in in favor to resume through 1.4689 at a later stage.

Daily Pivots: (S1) 1.3107; (P) 1.3160; (R1) 1.3188; More…

Intraday bias in USD/CAD remains on the downside at this point. Current fall from 1.3382 should target 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098. Firm break there will target 1.3106 low. On the upside, break of 1.3239 resistance is needed to indicate short term bottoming. Otherwise, further decline is still expected in case of recovery.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3180; (P) 1.3205; (R1) 1.3225; More…

USD/CAD’s fall resumed by taking out 1.3171 and hits as low as 1.3137 so far. Intraday bias is back on the downside. Break of 1.3133 support will target 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098. Firm break there will target 1.3106 low. On the upside, break of 1.3239 resistance is needed to indicate short term bottoming. Otherwise, further fall is still expected in case of recovery.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3180; (P) 1.3205; (R1) 1.3225; More…

Intraday bias in USD/CAD remains neutral as consolidation form 1.3171 is extending. As long as 1.3268 minor resistance holds, further decline is expected. Overall outlook is unchanged that corrective fall from 1.3382 is in the third leg and further decline is expected. On the downside, below 1.3171 will target 1.3133 and then 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 next. However, on the upside, above 1.3268 minor resistance will turn bias back to the upside for 1.3347/82 resistance zone instead.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3183; (P) 1.3212; (R1) 1.3227; More…

Intraday bias in USD/CAD remains neutral for brief consolidation above 1.3171 temporary low. Further decline is expected with 1.3268 minor resistance intact. Overall outlook is unchanged that corrective fall from 1.3382 is in the third leg and further decline is expected. On the downside, below 1.3171 will target 1.3133 and then 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 next. On the upside, above 1.3268 minor resistance will turn bias back to the upside for 1.3347/82 resistance zone instead.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3205; (P) 1.3222; (R1) 1.3252; More…

A temporary low was formed at 1.3171 as USD/CAD recovered and intraday bias is turned neutral first. Overall outlook is unchanged that corrective fall from 1.3382 is in the third leg and further decline is expected. On the downside, below 1.3171 will target 1.3133 and then 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 next. On the upside, above 1.3268 minor resistance will turn bias back to the upside for 1.3347/82 resistance zone instead.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

Daily Pivots: (S1) 1.3146; (P) 1.3223; (R1) 1.3275; More…

Intraday bias in USD/CAD remain son the downside at this point. Fall from 1.3382 should be ready to resume. Break of 1.3133 support will target 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 next. On the upside, above 1.3258 minor resistance will turn intraday bias neutral first.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

USD/CAD dropped sharply to as low as 1.3171 last week. The development suggests that corrective rebound form 1.3133 has completed at 1.3347 already. Initial bias remains on the downside this week for 1.3133 support first. Break will target 100% projection of 1.3382 to 1.3133 from 1.3347 at 1.3098 next. On the upside, above 1.3258 minor resistance will turn intraday bias neutral first.

In the bigger picture, key cluster support of 1.3068 (38.2% retracement of 1.2061 to 1.3664 at 1.3052) remains intact. Medium term rise from 1.2061 low is in favor to resume sooner or later. Firm break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will confirm and target 1.4689 high. However, sustained break of 1.3052/68 will confirm completion of up trend from 1.2061 (2017 low). Further fall should be seen to 61.8% retracement at 1.2673 next.

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) in in favor to resume through 1.4689 at a later stage.