USD/CAD: Growth Continues
Stance of trading is neutral, as the increase from 1.2061 continues. Pivot points are at: (S1) 1.2760; (P) 1.2794; (R1) 1.2843.
Overcoming of 1.2728 will turn focus back to support 1.2526. Trading above resistance 1.2996 will aline 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.