USD/CAD Intraday Signal: Bearish Bias Below 1.4010
The USD/CAD pair is showing signs of bearish momentum, struggling to break above the 1.4010 resistance level. This pivot now acts as a cap for further gains, keeping the pair under short-term selling pressure. The RSI is flattening near neutral territory, hinting at fading upside momentum and the possibility of a corrective move lower.
As long as the price remains below 1.4010, a decline toward 1.3975 and 1.3960 is favored. Technical indicators suggest limited buying interest, while intraday volatility remains elevated. A break below 1.3975 could further confirm bearish extension.
However, if bulls manage to push the pair decisively above 1.4010, it could trigger renewed buying interest toward 1.4030 and 1.4050. Until that happens, traders should expect choppy, range-bound action with a bearish bias dominating.
Enter: Short below 1.4010
SL: 1.4030
Target A: 1.3975
Target B: 1.3960