Daily Pivots: (S1) 1.2570; (P) 1.2642; (R1) 1.2689; More…. USD/CAD’s breach of 1.2588 support argues that down trend from 1.4667 is resuming. Intraday bias stays on the downside. Next target is 61.8% projection of 1.3389 to 1.2588 from 1.2880 at 1.2385. On the upside, though, break of 1.2745 resistance will extend the consolidation pattern from
The post USD/CAD Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 1.2570; (P) 1.2642; (R1) 1.2689; More…. USD/CAD’s breach of 1.2588 support argues that down trend from 1.4667 is resuming. Intraday bias stays on the downside. Next target is 61.8% projection of 1.3389 to 1.2588 from 1.2880 at 1.2385. On the upside, though, break of 1.2745 resistance will extend the consolidation pattern from […]
The post USD/CAD Daily Outlook appeared first on Action Forex.