Temporary Top In USD/CAD

Technical Reports

Trading is neutral for consolidation, with a temporary top at 1.3325. The correction from 1.3385 has completed at 1.2886. Pivot points are at: (S1) 1.3104; (P) 1.3166; (R1) 1.3203.

Overcoming of 1.3225 will bring a test on maximum 1.3385. Downside of retreat should be contained above 1.2886.

Growth from low 1.2061 continues. Strong bounce ahead of 38.2% retracement of 1.2061 to 1.3385 at 1.2879 key fibonacci level retains medium term bullishness. Overcoming of 1.3384 should aline 61.8% retracement of 1.4689 to 1.2061 at 1.3685.