Decline in USD/CAD Continues

Technical Reports

Trading in the pair is on the downside for support 1.2968, as fall goes on. Pivot points are at: (S1) 1.2971; (P) 1.3084; (R1) 1.3155.

Corrective growth from 1.2460 has completed at 1.3793. Trading above minor resistance 1.3116 will become neutral. Upside should be limited below resistance 1.3346.

Price moves from a medium term top 1.4689 is a correction. The first leg has completed at 1.2460. Increase from 1.2460 is seen as the second leg, which has completed at 1.3793. Fall of the pair can continue through support 1.2460 to 50% retracement of 0.9406 to 1.4869 at 1.2048.