USD/CAD: Growth Has Resumed
Trading is on the upside, as the growth from 1.2781 is in progress for resistance 1.3385. Further growth is expected while support 1.3056 keeps. Pivot points are at: (S1) 1.3203; (P) 1.3261; (R1) 1.3367.
Trading above resistance 1.3385 will resume larger uptrend from 1.2061 to fibonacci level 1.3685. Break of support 1.3141 will indicate a short term topping.
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.