USD/CAD may rise 47 - 67 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 lacks downward momentum.

Supports and resistances

1.3820

1.3800

1.3780

1.3733 Last

1.3715

1.3695

1.3675

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