Daily Pivots: (S1) 1.3124; (P) 1.3144; (R1) 1.3170; More…. USD/CAD’s strong rebound and break of 1.3242 resistance suggests that fall from 1.3418 has completed at 1.3099. Corrective rebound from 1.2994 is likely extending with another rising leg. Intraday bias is turned back to the upside for 1.3418 first. Break will target 38.2% retracement of 1.4667
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.3124; (P) 1.3144; (R1) 1.3170; More…. USD/CAD’s strong rebound and break of 1.3242 resistance suggests that fall from 1.3418 has completed at 1.3099. Corrective rebound from 1.2994 is likely extending with another rising leg. Intraday bias is turned back to the upside for 1.3418 first. Break will target 38.2% retracement of 1.4667 […]
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.