Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… USD/JPY recovers notably today but stays below 154.70 temporary top. Intraday bias remains neutral at this point. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, […]
Mar 05, 2024
USD/CAD Daily Outlook
Daily Pivots: (S1) 1.3553; (P) 1.3568; (R1) 1.3591; More… No change in USD/CAD as consolidations continue below 1.3605 temporary top. Intraday bias stays neutral and further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at […]
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