USD/CAD Daily Outlook
Daily Pivots: (S1) 0.9576; (P) 0.9612; (R1) 0.9655; More.
USD/CAD rises further to as high as 0.9657 so far today as rebound from 0.9406 extends. Intraday bias remains on the upside and further rally should be seen to 0.9778 resistance. The sustained trading above near term falling trend line argue that fall from 0.9912 has completed. Focus is now on 0.9778 and break there will confirm this case and target 0.9912 next. Nevertheless, before that, another fall remains mildly in favor. Below 0.9546 minor support will flip bias back
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