USD/CAD may rise 22 - 42 pips

Pivot

1.3835

Our preference

Long positions above 1.3835 with targets at 1.3880 & 1.3900 in extension.

Alternative scenario

Below 1.3835 look for further downside with 1.3815 & 1.3795 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3915

1.3900

1.3880

1.3858 Last

1.3835

1.3815

1.3795

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