USD/CAD Intraday Signal: Upside Momentum Prevails Above 1.4075
USD/CAD continues to advance with a clear bullish intraday structure while holding above the pivot level at 1.4075. The breakout above this area signals renewed buying strength and opens the path toward resistance targets at 1.4140 and 1.4160. The pair’s short-term formation shows consistent higher lows, confirming that buyers remain in control.
Momentum indicators are aligned with the bullish outlook — price action is trading above both the 20- and 50-period moving averages, while the RSI remains supportive of continued upside momentum. A sustained break above 1.4140 would further validate the bullish continuation pattern toward 1.4160.
Alternatively, if price falls below 1.4075, short-term weakness could appear, pushing the pair toward 1.4045 and 1.4020 before potential buyers re-emerge. Until then, the bias remains firmly bullish.
Trade Setup:
Enter: Long above 1.4075
Stop-Loss (SL): 1.4045
Target A: 1.4140
Target B: 1.4160
