USD/CAD may rise 25 - 40 pips

Pivot

1.3660

Our preference

Long positions above 1.3660 with targets at 1.3700 & 1.3715 in extension.

Alternative scenario

Below 1.3660 look for further downside with 1.3645 & 1.3630 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3730

1.3715

1.3700

1.3675 Last

1.3660

1.3645

1.3630

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