USD/CAD may rise 11 - 31 pips

Pivot

1.3750

Our preference

Long positions above 1.3750 with targets at 1.3780 & 1.3800 in extension.

Alternative scenario

Below 1.3750 look for further downside with 1.3735 & 1.3720 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3810

1.3800

1.3780

1.3769 Last

1.3750

1.3735

1.3720

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