USD/CAD Daily Analysis
The USD/CAD intraday outlook is currently neutral. While there may be further downward movement from 1.3704, strong support is expected at 1.3224. A break above 1.3519 could indicate a short-term bottom and shift the intraday bias back to the upside, targeting 1.3704. However, if 1.3224 is decisively broken, it would have bearish implications.
In the long-term, as long as 1.3222 support holds, the upward trend from 1.2005 is still expected to continue towards 1.3976. But a firm break below 1.3222/3 would suggest a trend reversal, leading to a potential decline towards 1.2726 support.
