USD/CAD may rise 22 - 42 pips

Pivot

1.3705

Our preference

Long positions above 1.3705 with targets at 1.3760 & 1.3780 in extension.

Alternative scenario

Below 1.3705 look for further downside with 1.3685 & 1.3660 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3800

1.3780

1.3760

1.3738 Last

1.3705

1.3685

1.3660

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