USD/CAD may rise to 1.3785 - 1.3900

Pivot

1.3560

Our preference

Long positions above 1.3560 with targets at 1.3785 & 1.3900 in extension.

Alternative scenario

Below 1.3560 look for further downside with 1.3415 & 1.3350 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

1.4030 **

1.3900 ***

1.3785 ***

1.3656 Last

1.3560 ***

1.3415 ***

1.3350 ***

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