Each day Pivots: (S1) 1.3708; (P) 1.3748; (R1) 1.3813; Extra…
Intraday bias in USD/CAD stay son the upside at this level. Present rise from 1.3176 ought to goal 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841. On the draw back, under 1.3724 minor assist will flip intraday bias impartial and convey consolidations first, earlier than staging one other rise.
Within the greater image, value actions from 1.3976 (2022 excessive) are considered as a corrective sample solely. In case of one other fall, robust assist ought to emerge above 1.2947 resistance turned assist to carry rebound. Agency break of 1.3976 will affirm up resumption of entire up pattern from 1.2005 (2021 low). Subsequent goal is 61.8% projection of 1.2401 to 1.3976 from 1.3176 at 1.4149.
