Daily Pivots: (S1) 1.3186; (P) 1.3206; (R1) 1.3222; More….
Intraday bias in USD/CAD remains on the upside for the moment. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Further rally would be seen to 1.3327 resistance first. Decisive break of 1.3327 should confirm this bullish case. On the downside, below 1.3190 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3104 resistance turned support to bring another rally.
In the bigger picture, price actions from 1.3664 (2018 high) is seen as a corrective move that has probably completed. Rise from 1.2061 (2017 low) might be ready to resume. Decisive break of 61.8% retracement of 1.4689 (2016 high) to 1.2061 at 1.3685 will pave the way to retest 1.4689 high.
