USD/CAD Intraday Signal: Bullish Momentum Holds Above 1.3995
USD/CAD maintains a bullish intraday bias while holding above the pivot level at 1.3995. A solid support base has formed at this level, allowing price action to stabilize and attract renewed buying interest. As long as the pair trades above 1.3995, the outlook favors a continuation toward resistance targets at 1.4035 and 1.4055 in extension.
The short-term structure remains constructive, supported by steady accumulation near the pivot zone. Momentum indicators suggest that buyers are regaining strength, while the broader trend continues to show higher lows, confirming a positive market tone. A clear break above 1.4035 would open the path toward 1.4055, validating the continuation of the bullish leg.
Alternatively, a move below 1.3995 would shift the bias to neutral and expose support at 1.3975 and 1.3955 before fresh demand emerges.
Trade Setup:
Enter: Long above 1.3995
Stop-Loss (SL): 1.3975
Target A: 1.4035
Target B: 1.4055