Each day Pivots: (S1) 1.3648; (P) 1.3671; (R1) 1.3711; Extra….
Intraday bias in USD/CAD stays on the upside for the second. Additional rally ought to be seen to retest 1.3976 excessive. On the draw back, 1.3621 minor help will flip intraday bias impartial first. However outlook will keep bullish so long as 1.3488 help holds, in case of retreat.
Within the larger image, worth actions from 1.3976 are seen as a corrective sample solely. Upon completion, rise from 1.2005 (2021 low) would resume by 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 1.3436) holds.
