Bullish Forecast In USD/CAD

Technical Reports

Trading is on the upside and break of 1.3225 will indicate the bullish case and aline high 1.3385. Further growth is expected, while minor support 1.2916 keeps. Pivot points are at: (S1) 1.3042; (P) 1.3088; (R1) 1.3148.

The fall from 1.3385 could have completed at 1.2781 already. Trading below minor 1.3027 support will become neutral.

The corrective fall from 1.3385 has completed at 1.2781 already, suggesting that the uptrend from 1.2061 continues. Overcoming of support 1.2916 will extend the fall from 1.3385 to 61.8% retracement of 1.2061 to 1.3385 at 1.2567. Hitting of 1.3385 will aline to 61.8% retracement of 1.4689 to 1.2061 at 1.3685.