Trading Strategies

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.2714; (P) 1.2728; (R1) 1.2745; More…. USD/CAD’s break of 1.2688 low suggests down trend resumption. Intraday bias is back on the downside. Fall from 1.4677 should target 100% projection of 1.3172 to 1.2688 from 1.2957 at 1.2473. In any case, break of 1.2957 resistance is needed to indicate short term bottoming. Otherwise,
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.2714; (P) 1.2728; (R1) 1.2745; More…. USD/CAD’s break of 1.2688 low suggests down trend resumption. Intraday bias is back on the downside. Fall from 1.4677 should target 100% projection of 1.3172 to 1.2688 from 1.2957 at 1.2473. In any case, break of 1.2957 resistance is needed to indicate short term bottoming. Otherwise, […]

The post USD/CAD Mid-Day Outlook appeared first on Action Forex.

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