USD/CAD may rise 23 - 43 pips

Pivot

1.3620

Our preference

Long positions above 1.3620 with targets at 1.3660 & 1.3680 in extension.

Alternative scenario

Below 1.3620 look for further downside with 1.3600 & 1.3585 as targets.

Comment

A support base at 1.3620 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3700

1.3680

1.3660

1.3637 Last

1.3620

1.3600

1.3585

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