Decrease of USD/CAD Extends

Technical Reports

Trading is on the downside. The downtrend from 1.4689 might be resuming. Pivot points are at: (S1) 1.2381; (P) 1.2415; (R1) 1.2453.

Deeper decline is possible to retest minimum 1.2061. Trading above minor resistance 1.2480 will become neutral and bring consolidation.

The recoil from 1.2061 has completed at 1.2919. Corrective fall from 1.4689 goes on. Overcoming of low 1.2061 will target 61.8% retracement of 0.9406 to 1.4689 at 1.1424.