Further Rise In USD/CAD Is Expected
Trading is neutral for consolidation from 1.3444. Still, further growth is expected while minor support 1.3160 keeps. Pivot points are at: (S1) 1.3371; (P) 1.3397; (R1) 1.3417.
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.