Daily Pivots: (S1) 1.4388; (P) 1.4416; (R1) 1.4455; More…
Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.4466 will resume larger up trend to 1.4667/89 long term resistance zone. However, break of 1.4279 will extend the corrective pattern from 1.4466 with another falling leg.
In the bigger picture, up trend from 1.2005 (2021) is in progress for retesting 1.4667/89 key resistance zone (2020/2015 highs). Medium term outlook will remain bullish as long as 1.3976 resistance turned holds (2022 high), even in case of deep pullback.
