Intraday bias in USD/CAD remains neutral for the moment and the sideway consolidation from 1.1223 co

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Intraday bias in USD/CAD remains neutral for the moment and the sideway consolidation from 1.1223 could extend further. On the downside, below 1.0954 will likely bring deeper pull back to 38.2% retracement camtasia studio 8 of 1.0181 to 1.1223 at 1.0852. camtasia studio 8 Meanwhile, break of 1.1223 will indicate larger up trend resumption.
In the bigger picture, rally from 2011 low of 0.9406 is viewed as the third leg of the pattern from 0.9056 low (2007 low). That is, current rise would likely extend through 50% retracement camtasia studio 8 of 1.3063 to 0.9406 at 1.1235 to 61.8% retracement at 1.1666 in medium term. We'd start to look for reversal signal again above 1.1666. But before that, outlook will stay bullish as long as 1.0736 resistance tuned support holds.
Mar 31 14:39 GMT - USD/JPY Mid-Day Outlook