Each day Pivots: (S1) 1.3613; (P) 1.3645; (R1) 1.3667; Extra….
Intraday bias in USD/CAD stays on the upside at this level. Sustained break of 1.3653 ought to affirm that correction from 1.3976 has accomplished, and goal a check on this excessive. For now, threat will keep on the upside 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 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 1.3436) holds.
