USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.2654; (P) 1.2699; (R1) 1.2738; More…. USD/CAD’s break of 1.2797 resistance suggests short term bottoming at 1.2629. Intraday bias is back on the upside. Stronger rebound would be seen to 1.2957 resistance and above. On the downside, break of 1.2629 low is now needed to confirm downside resumption. Otherwise, more consolidative trading
The post USD/CAD Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.2654; (P) 1.2699; (R1) 1.2738; More…. USD/CAD’s break of 1.2797 resistance suggests short term bottoming at 1.2629. Intraday bias is back on the upside. Stronger rebound would be seen to 1.2957 resistance and above. On the downside, break of 1.2629 low is now needed to confirm downside resumption. Otherwise, more consolidative trading […]

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