The USD/CAD pair is displaying a bullish momentum. Should price break above the intermediate resistance at 1.3353, which aligns with the 61.80% Fibonacci projection level, it could potentially progress towards the first resistance level at 1.3387, which is a swing-high resistance that aligns close to the 78.60% Fibonacci projection level. Further upward price movement could find resistance at 1.3467, which is a level that aligns with the 127.20% Fibonacci extension level. If the price decreases, there is an intermediate support level at 1.3299 which is a pullback support. If price breaks below this intermediate support, the first support level is at 1.3271 which is an overlap support that could limit further losses.
