USD/CAD may rise 20 - 40 pips

Pivot

1.3660

Our preference

Long positions above 1.3660 with targets at 1.3700 & 1.3720 in extension.

Alternative scenario

Below 1.3660 look for further downside with 1.3630 & 1.3610 as targets.

Comment

The break above 1.3660 is a positive signal that has opened a path to 1.3700.

Supports and resistances

1.3740

1.3720

1.3700

1.3680 Last

1.3660

1.3630

1.3610

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