USD/CAD: Fall Has Completed

Technical Reports

Trading is on the upside for resistance 1.3063, as drop from 1.3225 has completed at 1.2883. Hitting of minor support 1.2971 will turn focus back on fibonacci level 1.2879. Pivot points are at: (S1) 1.2969; (P) 1.2997; (R1) 1.3050.

Larger growth from 1.2061 is expected to renew after completion of the consolidation from 1.3385. Break of resistance 1.3063 will aline key near term resistance 1.3225. Still, key fibonacci level 1.2879 remains intact.

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.