USD/CAD may rise 10 - 35 pips

Pivot

1.3820

Our preference

Long positions above 1.3820 with targets at 1.3845 & 1.3870 in extension.

Alternative scenario

Below 1.3820 look for further downside with 1.3800 & 1.3780 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3895

1.3870

1.3845

1.3835 Last

1.3820

1.3800

1.3780

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