USD/CAD may rise 11 - 36 pips

Pivot

1.3620

Our preference

Long positions above 1.3620 with targets at 1.3660 & 1.3685 in extension.

Alternative scenario

Below 1.3620 look for further downside with 1.3600 & 1.3590 as targets.

Comment

The break above 1.3620 is a positive signal that has opened a path to 1.3660.

Supports and resistances

1.3705

1.3685

1.3660

1.3649 Last

1.3620

1.3600

1.3590

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