Daily Pivots: (S1) 1.4298; (P) 1.4362; (R1) 1.4445; More…

Intraday bias in USD/CAD remains neutral for the moment. Overall, corrective pattern from 1.4791 should still be extending. Break of 1.3248 will target 1.4150 support and possibly below. Meanwhile, break of 1.4541 will bring stronger rise back to retest 1.4791.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

USD/CAD reversed after edging higher to 1.4541 last week but subsequent decline was contained at 1.4238. Initial bias is turned neutral this week first. Overall, corrective pattern from 1.4791 should still be extending. Below 1.3248 will target 1.4150 support and possibly below. Meanwhile, break of 1.4541 will bring stronger rise back to retest 1.4791.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

In the longer term picture, up trend from 0.9506 (2007 low) is in progress and possibly resuming. Next target is 61.8% projections of 0.9406 to 1.4689 from 1.2005 at 1.5270. While rejection by 1.4689 will delay the bullish case, further rally will remain in favor as long as 55 M EMA (1.3430) holds.

Daily Pivots: (S1) 1.4230; (P) 1.4303; (R1) 1.4368; More…

Intraday bias in USD/CAD remains mildly on the downside for the moment. Fall from 1.4541 is seen as the third leg of the corrective pattern from 1.4791. Deeper decline would be seen to 1.4150 low next. On the upside, though, above 1.4541 will resume the rebound from 1.4150 to retest 1.4791 high.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4300; (P) 1.4300; (R1) 1.4419; More…

USD/CAD’s firm break of 55 4H EMA (now at 1.4362) suggests that rebound from 1.4150 has completed at 1.4541 already. Fall from there is seen as the third leg of the corrective pattern from 1.4791. Intraday bias is back on the downside for 1.4150 support first. On the upside, though, above 1.4541 will resume the rebound from 1.4150 to retest 1.4791 high.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4330; (P) 1.4437; (R1) 1.4503; More…

Intraday bias in USD/CAD is turned neutral first with current retreat. Further rally will remain in favor as long as 55 4H EMA (now at 1.4367 holds). Above 1.4541 will target a retest on 1.4791 high. Nevertheless, sustained trading below 55 4H EMA will argue that the corrective pattern from 1.4791 is extending with the third leg. Deeper fall should then be seen back to retest 1.4150 support.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4387; (P) 1.4465; (R1) 1.4559; More…

USD/CAD’s rise from 1.4150 continues today and intraday bias stays on the upside. Further rally should be seen to retest 1.4791 high. Strong resistance might be seen there to limit upside on first attempt. But decisive break there will confirm resumption of larger up trend. On the downside, below 1.4368 minor support will turn intraday bias neutral again first.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4420; (P) 1.4446; (R1) 1.4492; More…

Intraday bias in USD/CAD remains on the upside at this point. Corrective pull back from 1.4791 should have completed at 1.4150 already. Further rise should be seen to retest 14791 high. Strong resistance might be seen there to limit upside on first attempt. But decisive break there will confirm resumption of larger up trend. On the downside, below 1.4398 minor support will turn intraday bias neutral again first.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

USD/CAD’s strong rally last week suggests that corrective pull back from 1.4791 has already completed at 1.4150. Initial bias stays on the upside this week for retesting 1.4791. Strong resistance might be seen there to limit upside on first attempt. But decisive break there will confirm resumption of larger up trend. On the downside, below 1.4398 minor support will turn intraday bias neutral again first.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

In the longer term picture, up trend from 0.9506 (2007 low) is in progress and possibly resuming. Next target is 61.8% projections of 0.9406 to 1.4689 from 1.2005 at 1.5270. While rejection by 1.4689 will delay the bullish case, further rally will remain in favor as long as 55 M EMA (1.3430) holds.

Daily Pivots: (S1) 1.4356; (P) 1.4402; (R1) 1.4483; More…

Intraday bias in USD/CAD remains on the upside for the moment. Corrective pullback from 1.4791 should have completed at 1.4150 already. Further rise should be seen to retest 1.4791. Firm break there will resume larger up trend. ON the downside, below 1.4298 minor support will turn intraday bias neutral and bring consolidations before staging another rally.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4297; (P) 1.4333; (R1) 1.4372; More…

USD/CAD’s break of 1.4378 resistance suggests that corrective pullback from 1.4791 has already completed at 1.4150. Intraday bias is back on the upside for retesting 1.4791 high next. On the downside, though, break of 55 4H EMA (now at 1.4276) will extend the correction through 1.4150 to 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4297; (P) 1.4333; (R1) 1.4372; More…

Intraday bias in USD/CAD remains neutral, with focus on 1.4378 resistance. Firm break there will suggest that the correction from 1.4791 has completed, and turn bias back to the upside for retesting 1.4791. Below 1.4278 minor will bring turn bias to the downside for 1.4150. Firm break there will resume the fall from 1.4791 to 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4266; (P) 1.4293; (R1) 1.4345; More…

Intraday bias in USD/CAD stays neutral with focus turning to 1.4378 resistance as rebound from 1.4150 extends. Firm break there will suggest that the correction from 1.4791 has completed, and turn bias back to the upside for retesting 1.4791. On the downside, break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4205; (P) 1.4236; (R1) 1.4291; More…

Intraday bias in USD/CAD remains neutral the moment. Further decline is expected with 1.4378 resistance intact. Fall from 1.4791 is seen as a correction to rally from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942). However, firm break of 1.4378 will suggest that the pull back has completed, and turn bias back to the upside for retesting 1.4791.

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4183; (P) 1.4210; (R1) 1.4251; More…

Intraday bias in USD/CAD remains neutral and more consolidations could be seen above 1.4150. Further decline is expected with 1.4378 resistance intact. Fall from 1.4791 is seen as a correction to rally from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

USD/CAD turned into sideway consolidations last week and outlook is unchanged. Initial bias remains neutral this week first and further fall is expected with 1.4378 resistance intact. Decline from 1.4791 is seen as a correction to rally from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned support holds (2022 high), even in case of deep pullback.

In the longer term picture, up trend from 0.9506 (2007 low) is in progress and possibly resuming. Next target is 61.8% projections of 0.9406 to 1.4689 from 1.2005 at 1.5270. While rejection by 1.4689 will delay the bullish case, further rally will remain in favor as long as 55 M EMA (1.3420) holds.

Daily Pivots: (S1) 1.4147; (P) 1.4196; (R1) 1.4225; More…

Intraday bias in USD/CAD remains neutral as consolidations continue above 1.4150. Deeper decline is expected as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4195; (P) 1.4220; (R1) 1.4266; More…

USD/CAD is staying in consolidations above 1.4150 temporary low and intraday bias remains neutral. Deeper decline is expected as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4177; (P) 1.4195; (R1) 1.4212; More…

Intraday bias in USD/CAD remains neutral as consolidations continue above 1.4150 temporary low. Deeper decline is expected as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4165; (P) 1.4179; (R1) 1.4199; More…

USD/CAD is staying in tight range above 1.4150 temporary low and intraday bias remains neutral. Deeper decline will remain in favor as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.

Daily Pivots: (S1) 1.4165; (P) 1.4179; (R1) 1.4199; More…

A temporary low is formed at 1.4150 with current recovery, and intraday bias in USD/CAD is turned neutral first. Deeper decline will remain in favor as long as 1.4378 resistance holds. Fall from 1.4791 is correcting whole rise from 1.3418. Break of 1.4150 will target 1.3946 cluster support (61.8% retracement of 1.3418 to 1.4791 at 1.3942).

In the bigger picture, long term up trend is tentatively seen as resuming with prior breach of 1.4667/89 key resistance zone (2020/2015 highs). Next target is 100% projection of 1.2401 to 1.3976 from 1.3418 at 1.4993. This will remain the favored case as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.