USD/CAD is neutral

Pivot

1.2900

Our preference

Long positions above 1.2900 with targets at 1.4000 & 1.4600 in extension.

Alternative scenario

Below 1.2900 look for further downside with 1.2285 & 1.1990 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.4900

1.4600

1.4000

1.3656 Last

1.2900

1.2285

1.1990

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