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USD/CAD Daily Outlook
Intraday bias in USD/CAD remains neutral for the moment. And, near term outlook stays bearish with 1.2995 support turned resistance intact. We're holding on to the view that corrective rise from 1.2460 should have completed at 1.3251 already. Below 1.2862 minor support will turn bias to the downside. Further break of 1.2654 support will likely extend the whole decline from 1.4689 through 1.2460 low. However, above 1.2995 will dampen this bearish view and turn bias back to the upside for 1.3251 instead. In the bigger picture, price actions from 1.4689 medium term top are seen as a correction pattern. Such correction ... (full story)