Every day Pivots: (S1) 1.3744; (P) 1.3769; (R1) 1.3814; Extra…
USD/CAD’s rally remains to be in progress and intraday bias stays on the upside. Present rally from 1.3176 would goal 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841. On the draw back, under 1.3724 minor help will flip intraday bias impartial and produce consolidations first, earlier than staging one other rise.
Within the greater image, value actions from 1.3976 (2022 excessive) are seen as a corrective sample solely. In case of one other fall, robust help ought to emerge above 1.2947 resistance turned help to convey rebound. Agency break of 1.3976 will affirm up resumption of complete 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.
