USD/CAD Intraday Signal: Turning Up Toward 1.3805
Analysis:
USD/CAD is turning higher on an intraday basis while holding above the pivot level at 1.3745. Buyers are regaining control of the short-term structure, targeting 1.3790 followed by the key resistance level at 1.3805. Price action shows stabilization above support, suggesting the start of a renewed upward leg.
Momentum indicators confirm the bullish shift. The RSI calls for a new upleg, signaling strengthening buying momentum and increasing probability of upside continuation. As long as price remains above 1.3745, the bullish scenario remains valid and pullbacks are likely to be limited.
Alternatively, a move below 1.3745 would weaken the bullish outlook and expose downside levels at 1.3730 and 1.3715.
Trade Setup:
Enter: Long above 1.3745
Stop-Loss (SL): 1.3730
Target A: 1.3790
Target B: 1.3805