Bullish Forecast Of USD/CAD

Technical Reports

Trading is still on the upside for resistance 1.3225, as the growth from 1.2781 extends. Pivot points are at: (S1) 1.3092; (P) 1.3121; (R1) 1.3163.

The corrective fall from 1.2285 should have completed at 1.2781. Hitting of resistance 1.3225 will aline 1.3385 and above. Break of support 1.2969 will indicate completion of the growth and back trading to the downside.

The corrective fall from 1.3385 has completed, considering rejection from the channel resistance from 1.3385. Downside should be contained by strong support inside 1.2527/1.2723 zone to resume the uptrend from 1.2061. Overcoming of resistance 1.3132 will target a test on high 1.3385.