USD/CAD may rise 17 - 37 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

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.3755

1.3740

1.3720

1.3703 Last

1.3685

1.3670

1.3655

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