USD/CAD may rise to 1.3900 - 1.4020

Pivot

1.3600

Our preference

Long positions above 1.3600 with targets at 1.3900 & 1.4020 in extension.

Alternative scenario

Below 1.3600 look for further downside with 1.3460 & 1.3360 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.4090 **

1.4020 ***

1.3900 ***

1.3666 Last

1.3600 ***

1.3460 ***

1.3360 ***

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