USD/CAD Daily Outlook
Above 1.2876 will resume the rise from 1.2448 to 1.2963 resistance. On the downside, however, break of 1.2680 will turn bias back to the downside for 1.2448 support instead. In the bigger picture, focus stays on 38.2% retracement of 1.4667 (2020 high) to 1.2005 (2021 low) at 1.3022.
Above 1.2876 will resume the rise from 1.2448 to 1.2963 resistance. On the downside, however, break of 1.2680 will turn bias back to the downside for 1.2448 support instead. In the bigger picture, focus stays on 38.2% retracement of 1.4667 (2020 high) to 1.2005 (2021 low) at 1.3022.
