USD/CAD Intraday Signal: Key Resistance at 1.3670
Analysis:
USD/CAD faces strong intraday resistance at 1.3670, which continues to cap upside attempts. As long as price remains below this pivot level, the short-term bias favors the downside, with targets at 1.3620 followed by the extended objective at 1.3600.
The upward potential is expected to remain limited due to persistent selling pressure near 1.3670. Repeated rejection from this resistance zone reinforces the bearish structure and suggests that rallies are likely to stay corrective rather than trend-changing.
Alternatively, a sustained break above 1.3670 would weaken the bearish setup and open the path toward 1.3690 and 1.3710, where higher resistance levels are positioned.
Trade Setup:
Enter: Short below 1.3670
Stop-Loss (SL): 1.3690
Target A: 1.3620
Target B: 1.3600