Growth Resumption In USD/CAD
Trading is on the upside for key near term resistance 1.3225, as break of 1.3170 indicates resumption of the growth from 1.2781. A near term forecast will remain bullish while support 1.3056 keps. Pivot points are at: (S1) 1.3100; (P) 1.3141; (R1) 1.3196.
Overcoming of key near term resistance 1.3225 will confirm completion of the fall from 1.3385. Hitting of 1.3056 will point out a near term trend reversal and turn focus back to low 1.2781.
The corrective fall from 1.3385 has completed at 1.2781 and whole uptrend from 1.2061 is ready to resume. Overcoming of 1.3385 will aline 61.8% retracement of 1.4689 to 1.2061 at 1.3685. This will be preferred case while support 1.2781 keeps.