USD/CAD Weekly Outlook

USD/CAD’s corrective rebound from 1.2363 extended higher last week but upside is held well below 1.2742 resistance so far. Initial bias remains neutral this week and outlook stays bearish. On the downside, break of 1.2363 will resume larger down trend from 1.4667. Next target is 100% projection of 1.3389 to 1.2588 from 1.2880 at 1.2079.
The post USD/CAD Weekly Outlook appeared first on Action Forex.

USD/CAD’s corrective rebound from 1.2363 extended higher last week but upside is held well below 1.2742 resistance so far. Initial bias remains neutral this week and outlook stays bearish. On the downside, break of 1.2363 will resume larger down trend from 1.4667. Next target is 100% projection of 1.3389 to 1.2588 from 1.2880 at 1.2079. […]

The post USD/CAD Weekly Outlook appeared first on Action Forex.

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