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.

Daily Pivots: (S1) 1.3257; (P) 1.3301; (R1) 1.3334; More…

USD/CAD’s sharp fall and break of 1.3206 minor support indicates that corrective recovery from 1.3133 has completed at 1.3347. Intraday bias is turned back to the downside for 1.3133 support first. Break will pave the way to 1.3016 low. On the upside, above 1.3259 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.

Daily Pivots: (S1) 1.3257; (P) 1.3301; (R1) 1.3334; More…

USD/CAD is staying in consolidation from 1.3347 and intraday bias remains neutral first. Further rise is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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) 1.3308; (P) 1.3323; (R1) 1.3351; More…

USD/CAD failed to break through 1.3347 and consolidation is extending. Intraday bias remains neutral first. Further rise is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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) 1.3296; (P) 1.3317; (R1) 1.3345; More…

Intraday bias in USD/CAD remains neutral for the moment. Further rise is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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) 1.3290; (P) 1.3310; (R1) 1.3331; More…

USD/CAD is staying in consolidation below 1.3347 temporary top. Intraday bias remains neutral first. Further rise is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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) 1.3297; (P) 1.3318; (R1) 1.3337; More…

Intraday bias in USD/CAD remains neutral for the moment. Further rise is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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.

USD/CAD’s rebound from 1.3133 extended to 1.3347 last week but formed a temporary top there. Initial bias is neutral this week for some consolidation first. Further rally is expected as long as 1.3206 support holds. Break of 1.3347 will target 1.3382 resistance first. Break will resume whole rise from 1.3016. However, break of 1.3206 will turn bias to the downside for 1.3133 support 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.

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) 1.3314; (P) 1.3331; (R1) 1.3352; More…

Intraday bias in USD/CAD remains on the upside for 1.3382 resistance. Break will resume whole rise from 1.3016 and target 1.3564 resistance next. For now, near term outlook will stay cautiously bullish as long as 1.3206 support holds, in case of retreat.

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) 1.3246; (P) 1.3286; (R1) 1.3366; More…

USD/CAD’s break of 1.3310 resistance suggests resumption of rebound from 1.3133. Intraday bias is back on the upside for 1.3382 resistance first. Break will resume whole rise from 1.3016 and target 1.3564 resistance next. For now, near term outlook will stay cautiously bullish as long as 1.3206 support holds, in case of retreat.

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) 1.3223; (P) 1.3242; (R1) 1.3259; More…

Intraday bias in USD/CAD stays neutral first. Focus is now on 1.3209 support. Break will bring deeper decline to 1.3133 and possibly below. On the upside, above 1.3310 will target 1.3382 resistance first. Break will resume the whole rise from 1.3016 and target 1.3564 resistance next.

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) 1.3223; (P) 1.3242; (R1) 1.3259; More…

Intraday bias in bias remains neutral for the moment. With 1.3209 minor support, we’re still favoring the bullish case. That is, corrective pull back from 1.3382 has completed at 1.3133 and another rise is expected. On the upside, above 1.3310 will target 1.3382 resistance first. Break will resume the whole rise from 1.3016 and target 1.3564 resistance next. However, break of 1.3209 will dampen our bullish view and turn bias back to the downside for 1.3016 low.

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) 1.3208; (P) 1.3244; (R1) 1.3273; More…

Intraday bias in USD/CAD remains neutral first. With 1.3209 minor support, we’re still favoring the bullish case. That is, corrective pull back from 1.3382 has completed at 1.3133 and another rise is expected. On the upside, above 1.3310 will target 1.3382 resistance first. Break will resume the whole rise from 1.3016 and target 1.3564 resistance next. However, break of 1.3209 will dampen our bullish view and turn bias back to the downside for 1.3016 low.

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.