USD/CAD Remains In Consolidation

Technical Reports

Trading is neutral for consolidation, as the pair is staying below resistance 1.3444. Still, further growth is expected while minor support 1.3160 keeps. Pivot points are at: (S1) 1.3324; (P) 1.3370; (R1) 1.3448.

Overcoming of 1.3444 will turn trading back to the upside and rally from 1.2061 should aline fibonacci level 1.3685.

Uptrend from 1.2061 continues and should aline to 61.8% retracement of 1.4689 to 1.2061 at 1.3685. This forecast will remain the favored while channel support (now at 1.2949) keeps.