Growth Resumption In USD/CAD

Technical Reports

Trading is on the upside, as bounce resumed after hitting resistance 1.3444 and reached high 1.3496. Pivot points are at: (S1) 1.3406; (P) 1.3451; (R1) 1.3512.

Running growth is part of the uptrend from 1.2061 and would aline fibonacci level 1.3685. Trading below minor support 1.3390 will become neutral for consolidation.

Uptrend from 1.2061 continues and should aline to 61.8% retracement of 1.4689 to 1.2061 at 1.3685. Topping above 1.3685 is possible. This forecast will remain the favored while channel support (now at 1.29469) keeps.