Daily Pivots: (S1) 1.3694; (P) 1.3741; (R1) 1.3768; More….

Range trading continues in USD/CAD and intraday bias stays neutral first. Further rally is expected with 1.3664 support intact. On the upside, break of 1.3860 will resume the rally from 1.3261 to retest 1.3976 high. However, firm break of 1.3664 will mix up the near term outlook and bring deeper pullback first.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3681; (P) 1.3747; (R1) 1.3835; More….

Intraday bias in USD/CAD remains neutral first and consolidation from 1.3860 could extend. But further rally is expected as long as 1.3650 support holds. On the upside, break of 1.3860 will resume the rally from 1.3261 to retest 1.3976 high. However, firm break of 1.3650 will turn bias to the downside for 55 day EMA (now at 1.3552).

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3641; (P) 1.3695; (R1) 1.3739; More….

Intraday bias in USD/CAD remains neutral at this point. Further rally is still expected with 1.3664 support intact. On the upside, break of 1.3860 will resume the rally from 1.3261 to retest 1.3976 high. However, firm break of 1.3664 will mix up the near term outlook and bring deeper pullback first.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3666; (P) 1.3742; (R1) 1.3805; More….

Intraday bias in USD/CAD remains neutral for the moment. Consolidations from 1.3860 could extend further. But downside should be contained by 1.3664 resistance turned support to bring another rally. On the upside, break of 1.3860 will resume the rally from 1.3261 to retest 1.3976 high. However, firm break of 1.3664 will mix up the near term outlook and bring deeper pullback first.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3770; (P) 1.3816; (R1) 1.3870; More….

Intraday bias in USD/CAD remains neutral as consolidation from 1.3860 continues. Downside of retreat should be contained by 1.3664 resistance turned support to bring another rally. Break of 1.3860 will resume the rally from 1.3261 to retest 1.3976 high. However, firm break of 1.3664 will mix up the near term outlook and bring deeper pullback first.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

USD/CAD’s rally resumed last week and reached as high as 1.3860. But a temporary top was formed with subsequent retreat. Initial bias is neutral this week for consolidations first. Downside of retreat should be contained by 1.3664 resistance turned support to bring another rally. Break of 1.3860 will target 1.3976 high.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Break of 1.3976 will confirm resumption and target 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook will remain bullish even in case of deep pull back.

In the longer term picture, price actions from 1.4689 (2016 high) are seen as a consolidation pattern only, which might have completed at 1.2005. That is, up trend from 0.9506 (2007 low) is expected to resume at a later stage. This will remain the favored case as 55 month EMA (now at 1.3003) holds.

Daily Pivots: (S1) 1.3760; (P) 1.3788; (R1) 1.3831; More….

Intraday bias in USD/CAD remains on the upside for the moment. Rise from 1.3261 is in progress for retesting 1.3976 high. Firm break there will resume larger up trend and target 1.4234 projection level. On the downside, break of 1.3751 minor support will turn intraday bias neutral and bring consolidations. But retreat should be contained well above 1.3554 support to bring another rally.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook remains bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3760; (P) 1.3788; (R1) 1.3831; More….

USD/CAD’s rally continues to high as 1.3816 so far. Intraday bias remains on the upside for retesting 1.3976 high. Firm break there will resume larger up trend and target 1.4234 projection level. On the downside, break of 1.3744 minor support will turn intraday bias neutral and bring consolidations. But retreat should be contained well above 1.3554 support to bring another rally.

In the bigger picture, the up trend from 1.2005 (2021 low) is still in progress. Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234. Firm break there will pave the way to long term resistance zone at 1.4667/89 (2016, 2020 highs). On the downside, break of 1.3261 support is needed to confirm medium term topping. Otherwise, outlook remains bullish even in case of deep pull back.

Daily Pivots: (S1) 1.3649; (P) 1.3705; (R1) 1.3810; More….

intraday bias in USD/CAD remains on the upside for retesting 1.3976 high. Firm break there will resume larger up trend and target 1.4234 projection level. On the downside, break of 1.3664 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3554 support to bring another rally.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3587; (P) 1.3608; (R1) 1.3634; More….

USD/CAD’s rally resumed by breaking through 1.3664 and intraday bias is back on the upside. Further rise should be seen to retest 1.3976 high next. Decisive break there will resume larger up trend. For now, outlook will remain bullish as long as 1.3554 support holds, in case of retreat.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3587; (P) 1.3608; (R1) 1.3634; More….

USD/CAD is staying in consolidation from 1.3664 and intraday bias remains neutral. Further rise is expected as long as 1.3474 resistance turned support holds. As noted before, corrective pattern from 1.3976 should have completed at 1.3261. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm this bullish case and bring retest of 1.3976.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3554; (P) 1.3599; (R1) 1.3643; More….

Intraday bias in USD/CAD stays neutral for the moment. Further rise is expected as long as 1.3474 resistance turned support holds. As noted before, corrective pattern from 1.3976 should have completed at 1.3261. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm this bullish case and bring retest of 1.3976.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

USD/CAD stayed in consolidation below 1.3664 last week and outlook is unchanged. Initial bias remains neutral first. Corrective pattern from 1.3976 should have completed at 1.3261. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm this bullish case and bring retest of 1.3976.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

In the longer term picture, price actions from 1.4689 (2016 high) are seen as a consolidation pattern only, which might have completed at 1.2005. That is, up trend from 0.9506 (2007 low) is expected to resume at a later stage. This will remain the favored case as 55 month EMA (now at 1.2995) holds.

Daily Pivots: (S1) 1.3572; (P) 1.3607; (R1) 1.3630; More….

Intraday bias in USD/CAD remains neutral as consolidation from 1.3664 is extending. Further rally is in favor as long as 1.3474 resistance turned support holds. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm that corrective pattern from 1.3976 has completed, and bring retest of this high.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3564; (P) 1.3611; (R1) 1.3639; More….

USD/CAD is extending the consolidation from 1.3664 and intraday bias stays neutral first. Further rally is in favor as long as 1.3474 resistance turned support holds. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm that corrective pattern from 1.3976 has completed, and bring retest of this high.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3588; (P) 1.3619; (R1) 1.3676; More….

Intraday bias in USD/CAD remains neutral first as consolidation from 1.3664 temporary top is extending. Further rally is in favor as long as 1.3474 resistance turned support holds. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm that corrective pattern from 1.3976 has completed, and bring retest of this high.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3531; (P) 1.3578; (R1) 1.3621; More….

A temporary to is formed at 1.3664 with current retreat. Intraday bias in USD/CAD is turned neutral first. For now, further rally is in favor as long as 1.3474 resistance turned support holds. Break of 1.3664 will resume the rise from 1.3261. Sustained trading above 1.3684 will confirm that corrective pattern from 1.3976 has completed, and bring retest of this high.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

Daily Pivots: (S1) 1.3534; (P) 1.3600; (R1) 1.3672; More….

USD/CAD’s rally from 1.3261 is in progress and intraday bias stays on the upside for 1.3684 resistance. As noted before, corrective pattern from 1.3976 should have completed at 1.3261. Firm break of 1.3684 will bring retest of 1.3976 high. In case of retreat, further rally will remain in favor as long as 1.3515 support holds.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

USD/CAD’s rally continued last week and reached as high as 1.3664. Initial bias stays on the upside this week. Corrective pattern from 1.3976 should have completed at 1.3261. Firm break of 1..3684 resistance will bring retest of 1.3976. In case of retreat, further rally will remain in favor as long as 1.3515 support holds.

In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.

In the longer term picture, price actions from 1.4689 (2016 high) are seen as a consolidation pattern only, which might have completed at 1.2005. That is, up trend from 0.9506 (2007 low) is expected to resume at a later stage. This will remain the favored case as 55 month EMA (now at 1.2971) holds.

Daily Pivots: (S1) 1.3516; (P) 1.3548; (R1) 1.3581; More….

USD/CAD is losing some upside momentum, but further rally is expected as long as 1.3440 support holds. Next target is 1.3684 resistance. Sustained break there will pave the way back to retest 1.3976 high. On the downside, however, break of 1.3440 support will turn bias back to the downside for 1.3261 support again.

In the bigger picture, as long as 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) holds, larger up trend from 1.2005 (2021 low) is still expected to resume through 1.3976 high at a later stage. However, firm break of 1.3222/3 will indicate that the trend might have reversed. Deeper fall would be seen to next cluster support at 1.2726 (61.8% retracement at 1.2758).