Further Growth In USD/CAD Is Not Excluded
Trading tone is neutral for consolidation below temporary high 1.2899. Overcoming of 1.2748 will turn focus back to support 1.2526. Further growth is expected while minor support 1.2748 keeps. Pivot points are at: (S1) 1.2808; (P) 1.2860; (R1) 1.2902.
Downside of retreat should be contained by minor support 1.2748. Trading above 1.2913 will prolong the growth from 1.2526 and bring retesting of a maximum 1.3124.
The bounce from 1.2061 goes on, with focus on 38.2% retracement of 1.4689 to 1.2061 at 1.3065. Trading above there will confirm a medium term bullish reversal. A downtrend from 1.4689 has completed at 1.2061, and the next target is 61.8% retracement at 1.3685.