Each day Pivots: (S1) 1.3459; (P) 1.3480; (R1) 1.3521; Extra….
Intraday bias in USD/CAD is again on the upside with break of 1.3501 resistance. Intraday bias is again on the upside. As famous earlier than, corrective fall from 1.3976 ought to have accomplished with three waves right down to 1.3091. Additional rally can be seen to retest 1.3653 resistance subsequent. Break there’ll additional affirm this case and goal 1.3976 excessive. For now, additional rally is anticipated so long as 1.3371 help holds, in case of retreat.
Within the greater image, value actions from 1.3976 are seen as a corrective fall solely. Upon completion, rise from 1.2005 (2021 low) would resume by 1.3976 in the direction of 1.4667/89 long run resistance zone. In case of one other fall, draw back needs to be contained by 61.8% retracement of 1.2005 to 1.3976 at 1.2758.
