USD/CAD may rise 27 - 52 pips

Pivot

1.3795

Our preference

Long positions above 1.3795 with targets at 1.3845 & 1.3870 in extension.

Alternative scenario

Below 1.3795 look for further downside with 1.3775 & 1.3755 as targets.

Comment

The break above 1.3795 is a positive signal that has opened a path to 1.3845.

Supports and resistances

1.3895

1.3870

1.3845

1.3818 Last

1.3795

1.3775

1.3755

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