USD/CAD may rise 27 - 42 pips

Pivot

1.3810

Our preference

Long positions above 1.3810 with targets at 1.3845 & 1.3860 in extension.

Alternative scenario

Below 1.3810 look for further downside with 1.3795 & 1.3780 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3880

1.3860

1.3845

1.3818 Last

1.3810

1.3795

1.3780

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