Daily Pivots: (S1) 1.3659; (P) 1.3683; (R1) 1.3699; More… USD/CAD’s rebound lost momentum after hitting 1.3707 and intraday bias is turned neutral first. Outlook is unchanged that corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Above 1.3707 will target 1.3790 […]
Daily Pivots: (S1) 0.8498; (P) 0.8518; (R1) 0.8528; More…. No change in USD/CHF and intraday bias stays neutral. Consolidation from 0.8332 is extending. 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 […]
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