The USD/CAD Lost Upside Impulse

Technical Reports

Stance of trading is neutral, as the pair lost upside momentum ahead of 1.2589 resistance. Pivot points are at: (S1) 1.2469; (P) 1.2517; (R1) 1.2543.

Trading below minor support 1.2397 will turn focus back to 1.2246. Overcoming of resistance 1.2589 will point out completion of the pull back from 1.2919.

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.