Intraday bias in USD/CAD is turned neutral with current retreat and some consolidations would be seen. But further rally is expected as long as 1.4200 support holds. Firm break of 1.4292 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at 1.4497. Nevertheless, considering bearish divergence condition in 4H MACD, break of 1.4200 support will indicate short term topping, and turn bias to the downside for deeper pullback first.
In the bigger picture, current upward momentum suggests that rise from 1.3480 is reversing whole fall from 1.4791 (2025 high). Decisive break of 61.8% retracement of 1.4791 (2025 high) to 1.3480 at 1.4290 will pave the way back to retest 1.4791 high. Though, rejection by 1.4290 will revive medium term bearishness.
