Day by day Pivots: (S1) 1.3548; (P) 1.3576; (R1) 1.3603; Extra…
No change in USD/CAD’s outlook and intraday bias stays impartial. On the draw back, beneath 1.3547 minor help will argue that restoration from 1.3479 has accomplished. Intraday bias will likely be turned again to the draw back for 1.3479 and beneath, to renew the decline from 1.3897. However draw back ought to be contained by 1.3378 help, which is near 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to deliver rebound. On the upside, break of 1.3625 resistance will point out brief time period bottoming, and switch bias to the upside for stronger rise.
Within the greater image, rise from 1.3091 is seen because the fifth leg of the entire rise from 1.2005 (2021 low). Additional rally is anticipated so long as 1.3378 help holds, to 61.8% projection of 1.2401 to 1.3976 from 1.3091 at 1.4064. Nonetheless, decisive break of 1.3378 will dampen this view and produce deeper fall again to 1.3091 as a substitute.
