USD/CAD’s late break of 1.2466 support suggests that down trend from 1.4667 is resuming. Initial bias is now on the downside this week for 61.8% projection of 1.3389 to 1.2588 from 1.2880 at 1.2385. Break will target 100% projection at 1.2079. On the upside, break of 1.2742 resistance is needed to indicate short term bottoming.
The post USD/CAD Weekly Outlook appeared first on Action Forex.
USD/CAD’s late break of 1.2466 support suggests that down trend from 1.4667 is resuming. Initial bias is now on the downside this week for 61.8% projection of 1.3389 to 1.2588 from 1.2880 at 1.2385. Break will target 100% projection at 1.2079. On the upside, break of 1.2742 resistance is needed to indicate short term bottoming. […]
The post USD/CAD Weekly Outlook appeared first on Action Forex.