USD/CAD may rise 9 - 24 pips

Pivot

1.3620

Our preference

Long positions above 1.3620 with targets at 1.3650 & 1.3665 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

1.3680

1.3665

1.3650

1.3641 Last

1.3620

1.3600

1.3585

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