Every day Pivots: (S1) 1.3439; (P) 1.3459; (R1) 1.3482; Extra….
USD/CAD remains to be bounded in consolidation under 1.3501 and intraday bias stays impartial. Outlook is unchanged that corrective fall from 1.3976 ought to have accomplished with three waves all the way down to 1.3091. Above 1.3501 will resume the rebound from 1.3091 to 1.3653 resistance subsequent. Break there’ll additional affirm this case and goal 1.3976 excessive.
Within the greater image, worth actions from 1.3976 are considered as a corrective fall solely. Upon completion, rise from 1.2005 (2021 low) would resume via 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.
