USD/CAD Daily Outlook

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USD/CAD is staying in consolidation from 1.2452 and intraday bias remains neutral first. Further fall is expected as long as 1.2619 support turned resistance holds. Current development argues that whole pattern from 1.2005 has completed with three waves to 1.2963. Below 1.2452 will target 1.2286 support, and possibly further to retest 1.2005 low. Nevertheless, firm break of 1.2619 will bring stronger rebound back to 1.2812 resistance.


USD/CAD Daily Outlook

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