USD/CAD may rise 16 - 31 pips

Pivot

1.3815

Our preference

Long positions above 1.3815 with targets at 1.3850 & 1.3865 in extension.

Alternative scenario

Below 1.3815 look for further downside with 1.3800 & 1.3785 as targets.

Comment

The break above 1.3815 is a positive signal that has opened a path to 1.3850.

Supports and resistances

1.3880

1.3865

1.3850

1.3834 Last

1.3815

1.3800

1.3785

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