Implications and Outlook
1. Further bullish momentum likely to hit Mean Resistance 1.29500. The violation of the intermediate-term Mean resistance will undoubtedly bring serious of the short-term bullish implications all the way up to Key Resistance of 1.30950 level.
2. Price action is continually confirming the value of the intermediate-term bullishness. However, CAD currently, is no man's land, while Mean Support of 1.27600 is presently being in played out. Next Mean support is 1.26180, and Key support at 1.25450.
3. Current bullish/bearish bias is 50/50
1. Further bullish momentum likely to hit Mean Resistance 1.29500. The violation of the intermediate-term Mean resistance will undoubtedly bring serious of the short-term bullish implications all the way up to Key Resistance of 1.30950 level.
2. Price action is continually confirming the value of the intermediate-term bullishness. However, CAD currently, is no man's land, while Mean Support of 1.27600 is presently being in played out. Next Mean support is 1.26180, and Key support at 1.25450.
3. Current bullish/bearish bias is 50/50