Daily Pivots: (S1) 1.3084; (P) 1.3117; (R1) 1.3177; More…. USD/CAD’s rebound from 1.2928 extended higher today and the break of 1.3097 resistance suggest short term bottoming. Strong rebound would be seen to 55 day EMA (now at 1.3207). But overall outlook remains bearish as long as 1.3389 resistance holds. On the downside, break of 1.2928
The post USD/CAD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3084; (P) 1.3117; (R1) 1.3177; More…. USD/CAD’s rebound from 1.2928 extended higher today and the break of 1.3097 resistance suggest short term bottoming. Strong rebound would be seen to 55 day EMA (now at 1.3207). But overall outlook remains bearish as long as 1.3389 resistance holds. On the downside, break of 1.2928 […]
The post USD/CAD Daily Outlook appeared first on Action Forex.