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USD/CAD’s rebound from 1.3439 continued last week but failed to break through 1.3617 resistance decisively. Initial bias stays neutral this week first and another fall remains in favor. On the downside, below 1.3545 minor support will turn bias to the downside for retesting 1.3439 low. Nevertheless, sustained break of 1.3617 will turn bias back to […]

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07/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3464; (P) 1.3506; (R1) 1.3536; More… Range trading continues in USD/CAD and intraday bias remains neutral. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed, and target this resistance. Nevertheless, firm break of 1.3357 support will […]
12/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8673; More… Intraday bias in USD/CHF remains neutral. Recovery from 0.8431 might extend, but outlook will stay bearish as long as 38.2% retracement of 0.9223 to 0.8431 at 0.8734 holds. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the […]
11/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. USD/CHF is still extending the consolidation from 0.8332 and intraday bias remains neutral. Stronger recovery cannot be ruled out. But outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 […]