USD/CAD maintains a bullish outlook with a clear path toward 1.4497, provided the pair holds above the 1.4153 minor support level to avoid consolidation.
The USD/CAD pair maintains a strong bullish momentum, with the current intraday bias favoring further upside as it extends the rally from the 1.3480 level. A sustained break above the 1.4247 resistance level is expected to trigger a continuation of this trend, with technical projections identifying 1.4497 as the next primary target.
The next target is 1.4497, based on the 100% projection of the move from 1.3480 to 1.4247 starting from 1.3730.
A move below the minor support level of 1.4153 would turn the intraday bias neutral and likely lead to a period of consolidation.
The USD/CAD pair maintains a bullish intraday bias as it extends gains beyond the 1.4247 resistance level. Analysts project a further climb toward the 1.4497 target, representing a 100% projection of the rally from the 1.3480 base.
The primary upside target for the pair is 1.4497, which serves as the 100% projection of the move from 1.3480 to 1.4247.
A sustained move below the 1.4153 minor support level would turn the intraday bias neutral and likely lead to a period of consolidation.