FXstreet.com (Barcelona) - USD/CAD's correction has continued today reaching 1.0136, intraday bias, according to the ActionForex Technical Team is on the downside: At this point, intraday bias remains on the downside as long as 1.0210 minor resistance holds. Break of 100% projection of 1.0322 to 1.0152 from 1.0298 at 1.0128 will encourage further fall to 161.8% projection at 1.0023.
The ActionForex Technical Team warns about support lines: Pull back is still expected to be contained well above 0.9957 resistance turned support. On the upside, above 1.0210 will suggest that correction has possibly completed. Further break of 1.0298 will confirm this case and bring stronger rally to upper end of medium term range near to 1.0378.