USD/CAD may rise 25 - 35 pips

Pivot

1.3700

Our preference

Long positions above 1.3700 with targets at 1.3745 & 1.3755 in extension.

Alternative scenario

Below 1.3700 look for further downside with 1.3685 & 1.3670 as targets.

Comment

A support base at 1.3700 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3780

1.3755

1.3745

1.3720 Last

1.3700

1.3685

1.3670

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