USD/CAD may rise 27 - 37 pips

Pivot

1.3695

Our preference

Long positions above 1.3695 with targets at 1.3755 & 1.3765 in extension.

Alternative scenario

Below 1.3695 look for further downside with 1.3675 & 1.3650 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

1.3785

1.3765

1.3755

1.3728 Last

1.3695

1.3675

1.3650

Number of asterisks represents the strength of support and resistance levels.