Each day Pivots: (S1) 1.3534; (P) 1.3563; (R1) 1.3583; Extra….
USD/CAD is extending the consolidation from 1.3693 and intraday bias stays impartial. Additional rally is anticipated so long as 1.3488 assist holds. Above 1.3693 will resume the rally from 1.3091 to 1.3860 resistance, after which 1.3976 excessive.
Within the larger image, value actions from 1.3976 are considered as a corrective sample solely. Upon completion, rise from 1.2005 (2021 low) would resume via 1.3976. Subsequent goal is 61.8% projection of 1.2005 to 1.3976 from 1.3091 at 1.4309. For now, this may stay the favored case so long as 55 D EMA (now at 1.3463) holds.
