USD/CAD maintains an upside bias toward the 1.4298 high, with a potential rally to 1.4496 if resistance is cleared, while support levels at 1.4174 and 1.3928 remain critical for the current trend.
The technical outlook keeps intraday bias to the upside for a retest of the 1.4298 high, with a decisive break targeting the 100% projection at 1.4496 and, beyond 1.4290 retracement resistance, a move toward the 1.4791 2025 high. The downside risk is limited to a neutral bias below 1.4174, while a break of 1.3928 would flip the near-term view bearish.
The USD/CAD pair maintains an intraday bullish bias, aiming for a retest of the 1.4298 high. A decisive break above this level would resume the rally from 1.3480, targeting the 1.4496 projection. While the broader trend remains upward, a move below 1.4174 would shift the bias to neutral, and a breach of 1.3928 would signal a bearish reversal.
Upside: a decisive break of 1.4298 targets 1.4496, and a break of 1.4290 points toward 1.4791. Downside: below 1.4174 the bias turns neutral, and a break of 1.3928 would turn the near-term outlook bearish.
The analysis keeps the intraday bias on the upside as long as 1.4174 and then 1.3928 hold, but a break of 1.3928 would argue the rally from 1.3480 has completed and flip the outlook bearish.