Every day Pivots: (S1) 1.3673; (P) 1.3713; (R1) 1.3739; Extra…
No change in USD/CAD’s outlook as retreat from 1.3845 is extending. Intraday bias stays impartial at this level. Draw back ought to be contained by 1.3660 assist to convey one other rally. On the upside, agency break of 1.3845 will resume the entire rally from 1.3716 to 1.3976 key resistance.
Within the greater image, worth 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 convey rebound. Agency break of 1.3976 will verify 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.
