USD/CAD Intraday Signal: Further Advance Above 1.3960
USD/CAD continues to trade with a bullish intraday tone, holding above the pivot support at 1.3960. Buyers are maintaining firm control, eyeing resistance targets at 1.4015 and 1.4035 in extension. The pair’s short-term structure remains constructive, with higher lows forming around the key pivot zone — signaling sustained upward momentum.
The RSI remains in bullish territory and advocates for further upside, reflecting ongoing buying strength. Price action is aligned with the 20- and 50-period moving averages, both trending upward and reinforcing the positive setup. A confirmed break above 1.4015 would validate the next bullish leg toward 1.4035.
Alternatively, if price drops below 1.3960, intraday sentiment could temporarily shift bearish, with downside levels seen at 1.3940 and 1.3925 before new demand emerges. Overall, the bias stays bullish while above 1.3960.
Trade Setup:
Enter: Long above 1.3960
Stop-Loss (SL): 1.3940
Target A: 1.4015
Target B: 1.4035