Daily Pivots: (S1) 1.3719; (P) 1.3757; (R1) 1.3832; More….

USD/CAD has met 161.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3814. While upside momentum is diminishing, there is no sign of topping yet. Intraday bias stays on the upside 200% projection at 1.3958 next. On the downside, break of 1.3681 minor support will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has completed at 1.2951. Rise from 1.2061 (2017 low) should be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3631; (P) 1.3713; (R1) 1.3818; More….

Intraday bias in USD/CAD remains on the upside at this point. Current rally target 161.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3814 first. Break will target 200% projection at 1.3958 next. On the downside, below 1.3517 minor support will turn intraday bias neutral first. But outlook will remain bullish as long as 1.3202 support holds.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has completed at 1.2951. Rise from 1.2061 (2017 low) should be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3558; (P) 1.3658; (R1) 1.3799; More….

Outlook in USD/CAD remains bullish with 1.3464 resistance turned support intact. Current rally should target 161.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3814 next. Though, break of 1.3464 will indicate short term topping and bring lengthier consolidations first.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has completed at 1.2951. Rise from 1.2061 (2017 low) should be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3389; (P) 1.3414; (R1) 1.3449; More….

USD/CAD breaks through 1.3464 resistance decisively today and hits as high as 1.3761 so far. Near term outlook will remain bullish as long as 1.3464 resistance turned support holds. Further rally should be seen to 161.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3814 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has completed at 1.2951. Rise from 1.2061 (2017 low) should be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

USD/CAD stayed in consolidation from 1.3464 last week and outlook is unchanged. Initial bias stays neutral first and another fall cannot be ruled out. But downside should contained well above 1.3202 support to bring rise resumption. On the upside, break of 1.3464 will extend the rally from 1.2951 to 100% projection of 1.2951 to 1.3329 from 1.3202 at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed at 1.2951. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

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

Daily Pivots: (S1) 1.3381; (P) 1.3410; (R1) 1.3437; More….

Intraday bias in USD/CAD remains neutral for consolidation from 1.3464. In case of another retreat, downside should be contained above 1.3202 support to bring rise resumption. On the upside, break of 1.3464 will target 100% projection of 1.2951 to 1.3329 from 1.3202 at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3334; (P) 1.3382; (R1) 1.3435; More….

USD/CAD is staying in consolidation from 1.3464 and intraday bias remains neutral. Another retreat could be seen but downside should be contained above 1.3202 support to bring another rise. On the upside, break of 1.3464 will target 100% projection of 1.2951 to 1.3329 from 1.3202 at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3342; (P) 1.3366; (R1) 1.3414; More….

USD/CAD is staying in consolidation from 1.3464 and intraday bias remains neutral. Downside of retreat should be contained above 1.3202 support to bring another rise. On the upside, break of 1.3464 will target 100% projection of 1.2951 to 1.3329 from 1.3202 at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3280; (P) 1.3360; (R1) 1.3404; More….

Intraday bias in USD/CAD remains neutral for consolidation below 1.3464 temporary top. Downside of retreat should be contained above 1.3202 support to bring another rise. On the upside, break of 1.3464 will target 100% projection of 1.2951 to 1.3329 from 1.3202 at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

Daily Pivots: (S1) 1.3362; (P) 1.3413; (R1) 1.3449; More….

USD/CAD’s break of 1.3374 minor support suggests temporary topping at 1.3464, after hitting 61.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3436. Intraday bias is turned neutral for consolidations. But downside of retreat should be contained well above 1.3202 support to bring another rise. On the upside, break of 1.3464 will target 100% projection at 1.3580 next.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

USD/CAD’s rally from 1.2951 resumed last week and surged to as high as 1.3464. Strong break of 1.3327 resistance should confirm completion of triangle consolidation pattern from 1.3664 at 1.2951. Initial bias remains on the upside this week. Sustained break of 61.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3436 will pave the way to 100% projection at 1.3580 next. On the downside, below 1.3374 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3202 support to bring rally resumption.

In the bigger picture, price actions from 1.3664 (2018 high) are seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break 1.3664 will target 61.8% projection of 1.2061 to 1.3664 from 1.2951 at 1.3941 next. For now, this will remain the favored case as long as 1.3202 support holds, in case of deep pull back.

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

Daily Pivots: (S1) 1.3340; (P) 1.3367; (R1) 1.3416; More….

USD/CAD’s rally accelerates to as high as 1.3436 so far and intraday bias stays on the upside. Triangle consolidation from 1.3664 has completed at 1.2951. Break of 61.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3436 will pave the way to 100% projection at 1.3580 next. On the downside, below 1.3374 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3202 support to bring rally resumption.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has likely completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3202 support could extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3292; (P) 1.3312; (R1) 1.3353; More….

USD/CAD’s break of 1.3329 suggests resumption of whole rally from 1.2951. Current development also affirm the case that triangle consolidation pattern from 1.3664 has completed at 1.2951. Intraday bias is now on the upside for 61.8% projection of 1.2951 to 1.3329 from 1.3202 at 1.3436 first. Break will target 100% projection at 1.3580 next. For now, near term outlook will remain bullish as long as 1.3202 support holds, in case of retreat.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3202 support could extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3263; (P) 1.3284; (R1) 1.3301; More….

Further rise is expected in USD/CAD for 1.3327/9 resistance zone. Decisive break there should confirm completion of consolidation pattern from 1.3664. Next target will be 1.3664 high. On the downside, break of 1.3202 will extend the correction from 1.3329 with another fall. But downside should be contained above 1.3104 resistance turned support to bring rebound.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3255; (P) 1.3281; (R1) 1.3318; More….

Intraday bias in USD/CAD remains mildly on the upside for 1.3327/9 resistance zone. Decisive break there should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high. On the downside, break of 1.3202 will extend the correction from 1.3329 with another fall. But downside should be contained above 1.3104 resistance turned support to bring rebound.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3195; (P) 1.3232; (R1) 1.3262; More….

USD/CAD’s break of 1.3278 minor resistance suggests that corrective fall from 1.3329 has completed. Intraday bias is turned back to the upside for 1.3327/29 resistance zone. Decisive break there should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high. On the downside, break of 1.3202 will extend the correction. But downside should be contained above 1.3104 resistance turned support to bring rebound.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3195; (P) 1.3232; (R1) 1.3262; More….

USD/CAD recovers notably today but stays below 1.3278 minor resistance. Intraday bias remains neutral first. On the upside, break of 1.3278 will suggest that corrective fall from 1.3329 has completed at 1.3202 already. Intraday bias will be turned back to the upside for 1.3327/29 resistance zone. Decisive break there should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high. On the downside, break of 1.3202 will extend the correction. But downside should be contained above 1.3104 resistance turned support to bring rebound.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

USD/CAD gyrated lower last week as correction from 1.3329 extended. Outlook is unchanged as further fall could be seen this week to 55 day EMA (now at 1.3192) and below. But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

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

Daily Pivots: (S1) 1.3224; (P) 1.3247; (R1) 1.3281; More….

With 1.3278 minor resistance intact, corrective fall from 1.3329 short term top could still extend lower to 55 day EMA (now at 1.3193). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.

Daily Pivots: (S1) 1.3203; (P) 1.3233; (R1) 1.3250; More….

Intraday bias in USD/CAD mildly on the downside. Corrective fall from 1.3329 short term top is in progress for 55 day EMA (now at 1.3190). But downside should be contained above 1.3104 resistance turned support to bring rise resumption. On the upside, above 1.3278 minor resistance will turn bias back to the upside. Sustained break of 1.3327 should confirm completion of consolidation pattern from 1.3664. Further rise should be seen to retest 1.3664 high.

In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high. However, break of 1.3104 resistance turned support will extend the corrective with another fall through 1.2951 before completion.