USD/CAD may rise 33 - 47 pips

Our pivot point stands at 1.3599.

Our preference

The upside prevails as long as 1.3599 is support.

Alternative scenario

The downside breakout of 1.3599 would call for 1.3575 and 1.3562.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3622 and 1.3626).

Supports and resistances

1.3703 **

1.3689 *

1.3675 **

1.3661

1.3628 last

1.3608

1.3599 **

1.3575 *

1.3562 **

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