Decrease of USD/CAD Continues
Trading in the pair is on the downside. Break of minimum 1.2061 will resume a downtrend. Pivot points are at: (S1) 1.2258; (P) 1.2302; (R1) 1.2359.
Running fall from 1.2919 is awaited to retest a minimum 1.2061. Overcoming of minor resistance 1.2390 will indicate a short term bottoming.
The recoil from 1.2061 has completed at 1.2919. Corrective fall from 1.4689 goes on. Overcoming of minimum 1.2061 will target 61.8% retracement of 0.9406 to 1.4689 at 1.1424.