USD/CAD may rise 24 - 44 pips

Pivot

1.3650

Our preference

Long positions above 1.3650 with targets at 1.3700 & 1.3720 in extension.

Alternative scenario

Below 1.3650 look for further downside with 1.3630 & 1.3610 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3740

1.3720

1.3700

1.3676 Last

1.3650

1.3630

1.3610

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