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FXNOVA Strategy – USD/CAD Rebound Continues Above 1.3970

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Trade Signal Description:
Strategy : FXNova
Symbols : USDCAD
Type : Buy
Enter : 1.3970
Stop Lost : 1.3950
Target A : 1.4045
Target B : 1.4065
Target C :
Risk : Medium
Description : USD/CAD remains bullish above 1.3970, targeting 1.4045 and 1.4065. RSI signals renewed buying pressure, confirming a continuation of the rebound.

USD/CAD Intraday Signal: Rebound in Progress Above 1.3970

The USD/CAD pair maintains a bullish rebound above the pivot level at 1.3970, confirming that buyers are regaining momentum after the recent consolidation. Technical indicators support this recovery, with the RSI turning higher from neutral levels, signaling improving upside pressure.

The price structure remains constructive, as USD/CAD trades above short-term support levels and approaches the upper end of the intraday range. Holding above 1.3970 would likely open the door for further gains toward 1.4045 and 1.4065, marking a continuation of the recent rebound pattern.

If the pair fails to stay above 1.3970, a short-term pullback toward 1.3950 and 1.3930 may occur, but the overall trend bias remains positive as long as the RSI continues to rise. Traders may look for bullish confirmation candles before entering long positions near the pivot zone.

Enter: Long above 1.3970
Stop-Loss (SL): 1.3950
Target A: 1.4045
Target B: 1.4065

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