USDCAD Feb 04

USD/CAD’s rally is still in progress and intraday bias remains on the upside for 1.3327 resistance. As noted before, corrective pattern from 1.3664 should have completed as a triangle at 1.2951. Decisive break of 1.3327 should confirm this bullish case. On the downside, below 1.3231 minor support will turn intraday bias neutral first. But retreat should be contained above 1.3104 resistance turned support to bring another rally.