USD/CAD may rise 28 - 58 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 above its neutrality area at 50%.

Supports and resistances

1.3950

1.3930

1.3900

1.3872 Last

1.3835

1.3815

1.3795

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