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Technical analysis: USD/CAD in corrective pullback with 1.3785 holding bears for now

hagijeee
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The broader US Dollar trend remains intact, although the pair is going through a corrective pullback from overbought levels, following a five-day rally.

Bears are expected to be challenged at 1.3785, ahead of the intra-week low at 1.3728. The 38.2% Fibonacci retracement level of April’s rally is at 1.3705. On the upside, the immediate resistance is at 1.3845. Further up, the next target would be November 2023 high at 1.3900


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