USD/CAD Intraday Signal: Bullish Momentum Above 1.3990
The USD/CAD pair continues to demonstrate bullish momentum, maintaining its position above the 1.3990 pivot level. Buyers are in control, supported by positive momentum and steady price structure. The RSI remains above 50, confirming underlying strength, while price action holds firmly above both 20- and 50-period moving averages.
As long as the pair stays above 1.3990, further upside toward 1.4035 and 1.4060 remains the preferred scenario. The bullish trend is reinforced by sustained demand for the USD, possibly driven by market expectations of tighter U.S. monetary conditions or commodity-linked weakness in CAD.
However, if the price drops below 1.3990, short-term corrective pressure could bring the pair toward 1.3970 and 1.3950 before fresh buyers reemerge.
Enter: Long above 1.3990
SL: 1.3970
Target A: 1.4035
Target B: 1.4060