Daily Pivots: (S1) 1.4040; (P) 1.4080; (R1) 1.4136; More….

Intraday bias in USD/CAD remains neutral first. Corrective pattern from 1.4667 is still extending. But in case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4265 will turn bias back to the upside for retesting 1.4667 high.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

USD/CAD’s rebound attempt failed after hitting 1.4265 last week. The development argues that corrective pattern from 1.4667 is still extending. But in case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4265 will turn bias back to the upside for retesting 1.4667 high.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

In the longer term picture, up trend from 0.9506 is (2007 low) is in progress. Decisive break of 1.4689 will target 61.8% projection of 0.9406 to 1.4689 from 1.2951 at 1.6216. That is close to 1.6196 (2002 high).

Daily Pivots: (S1) 1.3988; (P) 1.4093; (R1) 1.4185; More….

USD/CAD’s breach of 1.4005 minor support dampens our bullish view. Instead, the development suggests that corrective pattern from 1.4667 is still extending. Intraday bias is back on the downside for 1.3855 support and possibly below. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, above 1.4265 will revive the case that correction from 1.4667 has completed, and turn bias back to the upside for retesting 1.4667 high.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4106; (P) 1.4172; (R1) 1.4229; More….

Intraday bias in USD/CAD is turned neutral as rebound lost momentum after hitting 1.4265. Further rise is expected as long as 1.4005 minor support holds. Above 1.4265 will target 1.4349 and then 1.4667 resistance. On the downside, break of 1.4005 minor support will extend the correction from 1.4667 with another fall. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4125; (P) 1.4195; (R1) 1.4276; More….

Intraday bias in USD/CAD remains on the upside at this point. Corrective decline from 1.4667 should have completed at 1.3855. Break of 1.4349 resistance will pave the way to 1.4667/4689 key resistance zone. On the downside, break of 1.4005 minor support will extend the correction with another fall. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4058; (P) 1.4102; (R1) 1.4188; More….

USD/CAD’s break of 1.4182 solidifies the case that correction from 1.4667 has completed at 1.3855. Intraday bias is back on the upside for 1.4349 resistance first. Break will target 1.4667/4689 key resistance zone. On the downside, break of 1.4005 minor support will extend the correction with another fall. but downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4058; (P) 1.4102; (R1) 1.4188; More….

USD/CAD recovered after drawing support from 4 hour 55 EMA. But upside is limited below 1.4182 temporary top so far. Intraday bias remains neutral first. On the upside, break of 1.4182 will solidify the case that correction from 1.4667 has completed at 1.3855. Intraday bias will be turned back to the upside for 1.4349 resistance, and then 1.4667. In case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3971; (P) 1.4044; (R1) 1.4084; More….

Intraday bias in USD/CAD remains neutral at this point. Overall, price actions from 1.4667 are see as a corrective pattern. In case of deeper fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, above 1.4182 will turn bias to the upside for 1.4349 resistance, and then 1.4667.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

USD/CAD recovered to 1.4182 last week but failed to extend rally from there. Initial bias remains neutral this week first. Overall, price actions from 1.4667 are see as a corrective pattern. In case of deeper fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, above 1.4182 will turn bias to the upside for 1.4349 resistance, and then 1.4667.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

In the longer term picture, up trend from 0.9506 is (2007 low) is in progress. Decisive break of 1.4689 will target 61.8% projection of 0.9406 to 1.4689 from 1.2951 at 1.6216. That is close to 1.6196 (2002 high).

Daily Pivots: (S1) 1.4051; (P) 1.4117; (R1) 1.4171; More….

Intraday bias in USD/CAD is turned neutral with 4 hour MACD crossed below signal line. Overall outlook is unchanged that price actions from 1.4667 are forming a corrective pattern. In case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, above 1.4182 will turn bias to the upside for 1.4349 resistance. Break there will target a test on 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3945; (P) 1.4039; (R1) 1.4201; More….

Intraday bias in USD/CAD remains mildly on the upside at this point. Corrective fall from 1.4667 might have completed at 1.3885. Break of 1.4349 resistance will target 1.4667/89 resistance zone. While correction from 1.4667 might still extend, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3854; (P) 1.3889; (R1) 1.3916; More….

USD/CAD’s break of 1.4081 minor resistance suggests that corrective fall from 1.4667 might have completed at 1.3885. Intraday bias is back on the upside for 1.4349 resistance first. Decisive break will target 1.4667/89 resistance zone. While correction from 1.4667 might still extend, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3854; (P) 1.3889; (R1) 1.3916; More….

No change in USD/CAD’s outlook. Corrective fall from 1.4667 might extend lower. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, above 1.4081 minor resistance will turn bias back to the upside for 1.4349 resistance first. However, sustained break of 1.3762 will bring deeper fall to 1.3202/3329 support zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3829; (P) 1.3916; (R1) 1.3975; More….

USD/CAD’s break of 1.3920 suggests that correction from 1.4667 has resumed. Intraday bias is turned to the downside for 61.8% retracement of 1.3202 to 1.4667 at 1.3762. We’d expect strong support from there to bring rebound. On the upside, above 1.4081 minor resistance will turn bias back to the upside for 1.4349 resistance first. However, sustained break of 1.3762 will bring deeper fall to 1.3202/3329 support zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3977; (P) 1.4030; (R1) 1.4072; More….

Intraday bias in USD/CAD remains neutral and outlook is unchanged. Correction from 1.4667 could extend lower through 1.3920. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4349 will turn bias to the upside for retesting 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.3912; (P) 1.4028; (R1) 1.4110; More….

Intraday bias in USD/CAD remains neutral at this point. Correction from 1.4667 could extend lower through 1.3920. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4349 will turn bias to the upside for retesting 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4045; (P) 1.4154; (R1) 1.4223; More….

USD/CAD is staying in range and intraday bias remains neutral first. Break of 1.3920 would extend the correction from 1.4667. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4349 will turn bias to the upside for retesting 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.4125; (P) 1.4174; (R1) 1.4254; More….

Intraday bias in USD/CAD remains neutral for the moment. Consolidation from 1.4667 might extend. But in case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4349 will turn bias to the upside for retesting 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

USD/CAD’s rebound attempt was limited at 1.4349 last week and turned sideway. Initial bias remains neutral this week first. Consolidation from 1.4667 might extend. But in case of another fall, downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound. On the upside, break of 1.4349 will turn bias to the upside for retesting 1.4667/89 resistance zone.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.

In the longer term picture, up trend from 0.9506 is (2007 low) is in progress. Decisive break of 1.4689 will target 61.8% projection of 0.9406 to 1.4689 from 1.2951 at 1.6216. That is close to 1.6196 (2002 high).

Daily Pivots: (S1) 1.4047; (P) 1.4173; (R1) 1.4266; More….

Intraday bias in USD/CAD remains neutral at this point. On the upside, break of 1.4349 will reaffirm that correction from 1.4667 has completed. Intraday bias will be turned to the upside for retesting 1.4667/89 resistance zone. On the downside, below 1.3920 will extend the correction. But downside should be contained by 61.8% retracement of 1.3202 to 1.4667 at 1.3762 to bring rebound.

In the bigger picture, rise from 1.2061 is likely resuming whole up trend from 0.9056 (2007 low). Decisive break of 1.4689 will confirm this bullish case. Next medium term target is 161.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.5545. Rejection by 1.4689 will bring some consolidations first. But outlook will remain bullish as long as 1.3664 resistance turned support holds, even in case of deep pull back.