USD/CAD Intraday Signal: Bullish Momentum Holds Above 1.3910
The USD/CAD pair maintains a bullish intraday tone as long as price action stays above the pivot support at 1.3910. Buyers remain active, targeting resistance levels at 1.3960 and 1.3980 in extension. The overall structure shows a steady upward bias, supported by persistent demand on dips.
While a brief consolidation phase cannot be ruled out, its scope is expected to remain limited as long as the pair holds above 1.3910. A break above 1.3960 would confirm renewed momentum and open the door for a move toward 1.3980 — a key resistance zone.
On the downside, failure to maintain 1.3910 could trigger a correction toward 1.3885 and 1.3865 before buyers re-enter the market. Momentum indicators continue to support the bullish view, with trend structure favoring long positions on intraday pullbacks.
Trade Setup:
Enter: Long above 1.3910
Stop-Loss (SL): 1.3885
Target A: 1.3960
Target B: 1.3980