USD/CAD may rise 11 - 26 pips

Pivot

1.3805

Our preference

Long positions above 1.3805 with targets at 1.3830 & 1.3845 in extension.

Alternative scenario

Below 1.3805 look for further downside with 1.3790 & 1.3775 as targets.

Comment

The next resistances are at 1.3830 and then at 1.3845.

Supports and resistances

1.3860

1.3845

1.3830

1.3819 Last

1.3805

1.3790

1.3775

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