USD/CAD may rise 25 - 55 pips

Pivot

1.3835

Our preference

Long positions above 1.3835 with targets at 1.3900 & 1.3930 in extension.

Alternative scenario

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

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3950

1.3930

1.3900

1.3875 Last

1.3835

1.3815

1.3795

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