USD/CAD may rise 12 - 27 pips

Pivot

1.3830

Our preference

Long positions above 1.3830 with targets at 1.3865 & 1.3880 in extension.

Alternative scenario

Below 1.3830 look for further downside with 1.3815 & 1.3800 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3900

1.3880

1.3865

1.3853 Last

1.3830

1.3815

1.3800

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