USD/CAD may rise 27 - 47 pips

Pivot

1.3770

Our preference

Long positions above 1.3770 with targets at 1.3820 & 1.3840 in extension.

Alternative scenario

Below 1.3770 look for further downside with 1.3750 & 1.3735 as targets.

Comment

The break above 1.3770 is a positive signal that has opened a path to 1.3820.

Supports and resistances

1.3860

1.3840

1.3820

1.3793 Last

1.3770

1.3750

1.3735

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