The USD/CAD Stays in Consolidation

Trading is neutral for consolidation from 1.2354. Pivot points are at: (S1) 1.2493; (P) 1.2541; (R1) 1.2568.

Overcoming of 1.2354 will prolong the decline from 1.2910 to minimum 1.2061. Break of 1.2623 will point out completion of the decline and trading back to the upside for 1.2919.

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.