Every day Pivots: (S1) 1.3518; (P) 1.3552; (R1) 1.3584; Extra….
Intraday bias in USD/CAD stays impartial as correction from 1.3693 is extending. General, additional rally is predicted 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. Nonetheless, agency break of 1.3488 will flip bias to the draw back for deeper decline.
Within the larger image, value actions from 1.3976 are seen as a corrective sample solely. Upon completion, rise from 1.2005 (2021 low) would resume by means of 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 1.3465) holds.
