USD/CAD may rise 20 - 35 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

A support base at 1.3810 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3880

1.3860

1.3845

1.3825 Last

1.3810

1.3795

1.3780

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