Day by day Pivots: (S1) 1.3658; (P) 1.3692; (R1) 1.3723; Extra…
Intraday bias in USD/CAD stays on the upside for the second. Present rise from 1.3176 is in progress, and additional rally could be seen in direction of 1.3897 resistance. Within the draw back, beneath 1.3660 minor help will flip intraday bias impartial first and convey consolidations. However close to time period outlook will stay bullish so long as 1.3477 help holds.
Within the greater image, worth actions from 1.3976 (2022 excessive) are seen as a corrective sample solely. In case of one other fall, robust help ought to emerge above 1.2947 resistance turned help to convey rebound. General, bigger up pattern from 1.2005 (2021 low) continues to be anticipated to renew by way of 1.3976 at a later stage.
