Consolidation in USD/CAD Has Appeared

Technical Reports

Trading is neutral for consolidation. Pivot points are at: (S1) 1.2414; (P) 1.2445; (R1) 1.2494.

The pair has formed a temporary low at 1.2354 after reaching 61.8% retracement of 1.2061 to 1.2919 at 1.2389. Overcoming of 1.2354 will prolong the decline from 1.2910 to minimum 1.2061.

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.