Recovery In USD/CAD

Technical Reports

Trading is neutral, as the pair is held by 38.2% retracement of 1.2061 to 1.3385 at 1.2879. Growth from 1.2061 continues. Pivot points are at: (S1) 1.2887; (P) 1.2915; (R1) 1.2944.

Overcoming of 1.2879 will aline 50% retracement at 1.2723. Trading above support turned resistance 1.2975 will back to the upside for 1.3063. Hitting of 1.3063 will target key near term resistance 1.3225.

Growth from low 1.2061 continues, with focus on 38.2% retracement of 1.2061 to 1.3385 at 1.2879 key fibonacci level. Hitting of 1.2879 will turn focus back to 61.8% retracement at 1.2567, which is close to support 1.2526. Overcoming of 1.3384 should aline 61.8% retracement of 1.4689 to 1.2061 at 1.3685.