USD/CAD may rise 17 - 32 pips

Pivot

1.3625

Our preference

Long positions above 1.3625 with targets at 1.3675 & 1.3690 in extension.

Alternative scenario

Below 1.3625 look for further downside with 1.3615 & 1.3600 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3705

1.3690

1.3675

1.3658 Last

1.3625

1.3615

1.3600

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