USD/CAD may rise 35 - 65 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 break above 1.3835 is a positive signal that has opened a path to 1.3910.

Supports and resistances

1.3960

1.3940

1.3910

1.3875 Last

1.3835

1.3810

1.3785

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