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 break above 1.3765 is a positive signal that has opened a path to 1.3800.

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.