USD/CAD may rise 9 - 29 pips

Pivot

1.3630

Our preference

Long positions above 1.3630 with targets at 1.3665 & 1.3685 in extension.

Alternative scenario

Below 1.3630 look for further downside with 1.3610 & 1.3590 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3700

1.3685

1.3665

1.3656 Last

1.3630

1.3610

1.3590

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