USD/CAD Intraday Signal: Bullish Momentum Holds Above 1.4105
USD/CAD maintains a bullish intraday bias while trading above the pivot level at 1.4105. A solid support base has formed at this area, allowing for temporary stabilization and renewed buying interest. As long as the price remains above 1.4105, the upside potential toward 1.4140 and 1.4160 remains valid.
Momentum indicators support this view — price action continues to print higher lows, and the short-term structure stays aligned with the prevailing uptrend. The RSI reflects stable buying sentiment, while moving averages confirm bullish alignment. A breakout above 1.4140 would reinforce the positive scenario, paving the way toward 1.4160.
Alternatively, a move below 1.4105 would weaken the intraday bias and expose supports at 1.4090 and 1.4070 before potential demand reappears.
Trade Setup:
Enter: Long above 1.4105
Stop-Loss (SL): 1.4090
Target A: 1.4140
Target B: 1.4160