Every day Pivots: (S1) 1.3353; (P) 1.3428; (R1) 1.3491; Extra….
Intraday bias in USD/CAD stays on the upside at this level. Present growth argues that correction from 1.3976 has accomplished with three waves all the way down to 1.3091. Additional rally could be seen to 1.3653 resistance subsequent. Break there’ll additional affirm this case and goal 1.3976 excessive. On the draw back, although, under 1.3318 minor help will combine up the outlook and switch intraday bias impartial once more first.
Within the larger image, worth actions from 1.3976 are seen as a corrective fall solely. Upon completion, rise from 1.2005 (2021 low) would resume by way of 1.3976 in direction of 1.4667/89 long run resistance zone. In case of one other fall, draw back ought to be contained by 61.8% retracement of 1.2005 to 1.3976 at 1.2758.
