USD/CAD may rise 20 - 40 pips

Pivot

1.3745

Our preference

Long positions above 1.3745 with targets at 1.3780 & 1.3800 in extension.

Alternative scenario

Below 1.3745 look for further downside with 1.3725 & 1.3705 as targets.

Comment

The break above 1.3745 is a positive signal that has opened a path to 1.3780.

Supports and resistances

1.3810

1.3800

1.3780

1.3760 Last

1.3745

1.3725

1.3705

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