USD/CAD may rise 17 - 37 pips

Pivot

1.3780

Our preference

Long positions above 1.3780 with targets at 1.3825 & 1.3845 in extension.

Alternative scenario

Below 1.3780 look for further downside with 1.3765 & 1.3750 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3870

1.3845

1.3825

1.3808 Last

1.3780

1.3765

1.3750

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