USD/CAD may rise 26 - 56 pips

Pivot

1.3835

Our preference

Long positions above 1.3835 with targets at 1.3910 & 1.3940 in extension.

Alternative scenario

Below 1.3835 look for further downside with 1.3810 & 1.3785 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.3960

1.3940

1.3910

1.3884 Last

1.3835

1.3810

1.3785

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