USD/CAD may rise 20 - 40 pips

Pivot

1.3685

Our preference

Long positions above 1.3685 with targets at 1.3720 & 1.3740 in extension.

Alternative scenario

Below 1.3685 look for further downside with 1.3670 & 1.3655 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

1.3755

1.3740

1.3720

1.3700 Last

1.3685

1.3670

1.3655

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