USD/CAD may rise 22 - 37 pips

Pivot

1.3665

Our preference

Long positions above 1.3665 with targets at 1.3705 & 1.3720 in extension.

Alternative scenario

Below 1.3665 look for further downside with 1.3630 & 1.3610 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3740

1.3720

1.3705

1.3683 Last

1.3665

1.3630

1.3610

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