USD/CAD may rise 16 - 36 pips

Pivot

1.3765

Our preference

Long positions above 1.3765 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3765 look for further downside with 1.3750 & 1.3735 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

1.3840

1.3820

1.3800

1.3784 Last

1.3765

1.3750

1.3735

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