Corrective Pull Back in USD/CAD Has Completed
Trading is on the upside for retesting 1.3385, as a corrective pull back from 1.3385 has completed already. Pivot points are at: (S1) 1.3111; (P) 1.3163; (R1) 1.3262.
Overcoming of 1.3385 will renew larger growth to fibonacci level 1.3685. It is expected, that support from 1.3067 will contain downside.
A medium term fall from 1.4689 has completed at 1.2061 ahead of 50% retracement of 0.9406 to 1.4689 at 1.2048. Further growth is possible for 61.8% retracement of 1.4689 to 1.2061 at 1.3685 and above. The pair’s forecast will remain bullish while channel support (now at 1.2825) keeps.