Every day Pivots: (S1) 1.3532; (P) 1.3579; (R1) 1.3606; Extra…
Intraday bias in USD/CAD stays on the draw back at this level. Present fall from 1.3897 is in progress, and may goal 1.3378 assist subsequent. On the upside, although, above 1.3625 minor resistance will flip intraday bias impartial once more first.
Within the greater image, corrective sample from 1.3976 (2022 excessive) ought to have accomplished with three waves all the way down to 1.3091. Decisive break of 1.3976 excessive will affirm resumption of up pattern from 1.2005 (2021 low). Subsequent goal is 61.8% projection of 1.2401 to 1.3976 from 1.3091 at 1.4064. This may stay the favored case so long as 1.3378 assist holds.
