USD/CAD Intraday Signal: Supported by a Rising Trend Line
USD/CAD remains in a bullish intraday structure while holding above the pivot support at 1.4090. A rising trend line continues to provide strong technical support, allowing buyers to maintain control. As long as the pair stays above 1.4090, the outlook favors further upside toward 1.4135 and 1.4150 in extension.
The RSI calls for a new upleg, confirming renewed bullish momentum and increasing buying pressure. Price action remains aligned with the uptrend channel, and both the 20- and 50-period moving averages continue to support the advance. A breakout above 1.4135 would open the way for a move toward 1.4150 — the next key resistance zone.
Alternatively, a move below 1.4090 would weaken the short-term bullish bias and expose supports at 1.4075 and 1.4060 before potential demand reappears.
Trade Setup:
Enter: Long above 1.4090
Stop-Loss (SL): 1.4075
Target A: 1.4135
Target B: 1.4150