Daily Pivots: (S1) 1.3220; (P) 1.3260; (R1) 1.3285; More…

Upside momentum in USD/CAD is a bit unconvincing as seen in 4 hour MACD. But further rise is expected as long as 1.3209 minor support holds, for 1.3382 resistance. Break will resume whole rise from 1.3016 and target 1.3564 resistance next. However, break of 1.3209 will 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) 1.3212; (P) 1.3242; (R1) 1.3271; More…

Intraday bias in USD/CAD remains mildly on the upside for retesting 1.3382 resistance. Break will resume whole rise from 1.3016 and target 1.3564 resistance next. However, break of 1.3177 will 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) 1.3233; (P) 1.3260; (R1) 1.3314; More…

USD/CAD retreats notably today but with 1.3177 minor support intact, intraday bias remains mildly on the upside. Pull back from 1.3382 should have completed at 1.3133. Rebound from 1.3016 is possibly resuming. Further rise would be seen to 1.3382 resistance first. Break will confirm this bullish case and target 1.3564 resistance next. However, break of 1.3177 will dampen this week 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.

USD/CAD’s decline from 1.3382 extended to as low as 1.3133 last week but rebounded strongly from there. The development suggests that pull back from 1.3382 has completed. And more importantly, rise from 1.3016 is probably not over yet. Initial bias is now on the upside for 1.3382 resistance first. Break will target 1.3564 resistance next. On the downside, though, break of 1.3133 will bring retest of 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.

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) 1.3185; (P) 1.3203; (R1) 1.3229; More…

Intraday bias in USD/CAD remains neutral for the moment. Another fall is still in favor with 1.3247 minor resistance intact. Below 1.3133 will target 1.3016 low. However, break of 1.3247 will suggest completion of the fall from 1.3382. Intraday bias would then be turned back to the upside for 1.3382 resistance.

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) 1.3151; (P) 1.3183; (R1) 1.3226; More…

Intraday bias in USD/CAD is turned neutral again with current recovery. Another fall is still in favor with 1.3247 minor resistance intact. Below 1.3133 will target 1.3016 low. However, break of 1.3247 will suggest completion of the fall from 1.3382. Intraday bias would then be turned back to the upside for 1.3382 resistance.

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) 1.3126; (P) 1.3159; (R1) 1.3184; More…

USD/CAD’s fall from 1.3382 resumed after brief consolidations. Intraday bias is back on the downside for retesting 1.3016 low. On the upside, break of 1.3247 is needed to signal completion of the fall. Otherwise, further decline is still in favor in case of recovery. However, break of 1.3247 turn focus back to 1.3382 resistance 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) 1.3145; (P) 1.3163; (R1) 1.3186; More…

A temporary low is in place at 1.3139 with 4 hour MACD crossed above signal line. Intraday bias is turned neutral first but further decline is expected as long as 1.3247 minor resistance holds. Below 1.3139 will target a test on 1.3016 low again. On the upside, however, above 1.3247 minor resistance will turn focus back to 1.3382 resistance 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) 1.3138; (P) 1.3187; (R1) 1.3216; More…

Intraday bias in USD/CAD remains on the downside at this point. Choppy rise fro 1.3016 should have completed at 1.3382. Further fall should be seen for retesting 1.3016 low. On the upside, above 1.3247 minor resistance will turn focus back to 1.3382 resistance 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 edged higher to 1.3382 last week but reversed from there. The development suggests that choppy rise from 1.3016 has completed already. Initial bias is now on the downside this week for retesting 1.3016 low. On the upside, above 1.3247 minor resistance will turn focus back to 1.3382 resistance 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) 1.3198; (P) 1.3222; (R1) 1.3253; More…

Intraday bias in USD/CAD remains on the downside for the moment. Rebound from 1.3016 could have completed at 1.3382 already. Deeper fall would be seen back to retest 1.3016 low. On the upside, break of 1.3382 resistance will resume the rebound from 1.3016 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) 1.3180; (P) 1.3263; (R1) 1.3306; More…

USD/CAD’s fall from 1.3382 extends lower today. Break of 1.3247 minor support indicates completion of rebound from 1.3016. Intraday bias is back to the downside for retesting 1.3016 low. On the upside, break of 1.3382 resistance will resume the rebound from 1.3016 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) 1.3313; (P) 1.3348; (R1) 1.3374; More…

USD/CAD drops sharply in early US session but stays well above 1.3247 minor support so far. Intraday bias remains neutral first. Further rise is expected as long as 1.3247 minor support holds. On the upside, above 1.3382 will extend the rebound from 1.3016 to 1.3564/3664 resistance zone. However, firm break of 1.3247 will turn bias back to the downside for 1.3016 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) 1.3313; (P) 1.3348; (R1) 1.3374; More…

Intraday bias in USD/CAD is turned neutral with a temporary top formed at 1.3382. Some consolidations could be seen. Further rise expected as long as 1.3247 minor support holds. On the upside, above 1.3382 will extend the rebound from 1.3016 to 1.3564/3664 resistance zone. However, firm break of 1.3247 will turn bias back to the downside for 1.3016 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) 1.3304; (P) 1.3332; (R1) 1.3354; More…

Intraday bias in USD/CAD remains on the upside at this point. Rise from 1.3016 is resuming and should target 1.3564/3664 resistance zone. On the downside, break of 1.3247 support is needed to indicate short term topping. Otherwise, near term outlook will remain cautiously bullish in case of retreat. Through, firm break of 1.3247 will turn bias back to the downside for 1.3016 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) 1.3262; (P) 1.3298; (R1) 1.3347; More…

Breach of 1.3345 resistance suggests resumption of rise from 1.3016. Intraday bias is back on the upside for 1.3564/3664 resistance zone. On the downside, break of 1.3247 support is needed to indicate short term topping. Otherwise, near term outlook will remain cautiously bullish in case of retreat. Through, firm break of 1.3247 will turn bias back to the downside for 1.3016 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) 1.3262; (P) 1.3298; (R1) 1.3347; More…

Intraday bias in USD/CAD remains neutral as consolidation from 1.3345 is extending. Further rise is expected with 1.3177 support intact. On the upside, break of 1.3345 will resume the rebound from 1.3016 for 1.3564/3664 resistance zone. However, break of 1.3177 will turn bias back to the downside for 1.3016 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 stayed in consolidation from 1.3345 last week and outlook is unchanged. Initial bias remains neutral this week for more sideway trading. As long as 1.3177 support holds, further rise is expected. On the upside, break of 1.3445 will resume the rebound from 1.3016 for 1.3564/3664 resistance zone. However, break of 1.3177 will turn bias back to the downside for 1.3016 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) 1.3270; (P) 1.3294; (R1) 1.3316; More…

USD/CAD dips notably in early US session but stays in range of 1.3177/3345. Intraday bias remains neutral for more consolidations. As long as 1.3177 minor support holds, further rally is expected. On the upside, break of 1.3345 will resume the rebound from 1.3016 to 1.3564/3664 resistance zone. Nevertheless, break of 1.3177 will turn bias back to the downside for 1.3016 instead.

In the bigger picture, focus stays on 1.3068 cluster support (38.2% retracement of 1.2061 to 1.3664 at 1.3052). Strong rebound from there will retain medium term bullish. But sustained break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685, is needed to confirm resumption of up trend from 1.2061 (2017 low). Otherwise, medium term outlook will stay neutral first. Decisive 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) 1.3270; (P) 1.3294; (R1) 1.3316; More…

USD/CAD is still bounded in consolidation from 1.3345 and intraday bias remains neutral for the moment. As long as 1.3177 minor support holds, further rally is expected. On the upside, break of 1.3345 will resume the rebound from 1.3016 to 1.3564/3664 resistance zone. Nevertheless, break of 1.3177 will turn bias back to the downside for 1.3016 instead.

In the bigger picture, focus stays on 1.3068 cluster support (38.2% retracement of 1.2061 to 1.3664 at 1.3052). Strong rebound from there will retain medium term bullish. But sustained break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685, is needed to confirm resumption of up trend from 1.2061 (2017 low). Otherwise, medium term outlook will stay neutral first. Decisive 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.