USD/CAD may rise 16 - 36 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 lacks downward momentum.

Supports and resistances

1.3700

1.3685

1.3665

1.3649 Last

1.3630

1.3610

1.3590

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