USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3714; (P) 1.3733; (R1) 1.3749; More… Intraday bias in USD/CAD remains neutral at this point. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest 1.3946 high. However, sustained trading below 55 D EMA (now at 1.3726) will […]

Daily Pivots: (S1) 0.9722; (P) 0.9741; (R1) 0.9780; More… The strong break of 55 4H EMA suggest that EUR/CHF’s pull back from 0.9847 has completed at 0.9563 already. Intraday bias is back on the upside for retesting 0.9847 high. Decisive break there will resume larger rally from 0.9252. On the downside, below 0.9708 minor support […]

Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. USD/CHF is staying in range below 0.8891 and outlook is unchanged. Intraday bias stays neutral and further rally remains in favor. On the upside, break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias […]