Daily Pivots: (S1) 1.3649; (P) 1.3705; (R1) 1.3810; More….
intraday bias in USD/CAD remains on the upside for retesting 1.3976 high. Firm break there will resume larger up trend and target 1.4234 projection level. On the downside, break of 1.3664 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3554 support to bring another rally.
In the bigger picture, outlook stays bullish with 1.3222 cluster support (38.2% retracement of 1.2005 to 1.3976 at 1.3223) intact. Break of 1.3976 resistance will resume larger up trend from 1.2005 (2021 low) to 61.8% projection of 1.2401 to 1.3976 from 1.3261 at 1.4234.
