USD/CAD may rise 29 - 49 pips

Pivot

1.3715

Our preference

Long positions above 1.3715 with targets at 1.3780 & 1.3800 in extension.

Alternative scenario

Below 1.3715 look for further downside with 1.3695 & 1.3675 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3820

1.3800

1.3780

1.3751 Last

1.3715

1.3695

1.3675

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