Day by day Pivots: (S1) 1.3545; (P) 1.3592; (R1) 1.3623; Extra….
Outlook in USD/CAD stays unchanged and intraday bias stays impartial. Consolidation from 1.3693 would lengthen and deeper pull again is likely to be seen. However additional rally is anticipated so long as 1.3488 help holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, after which 1.3976 excessive.
Within the greater image, value actions from 1.3976 are considered as a corrective sample solely. Upon completion, rise from 1.2005 (2021 low) would resume by way of 1.3976. Subsequent goal is 61.8% projection of 1.2005 to 1.3976 from 1.3091 at 1.4309. For now, it will stay the favored case so long as 55 D EMA (now at 1.3456) holds.
