USD/CAD may rise 14 - 34 pips

Pivot

1.3850

Our preference

Long positions above 1.3850 with targets at 1.3890 & 1.3910 in extension.

Alternative scenario

Below 1.3850 look for further downside with 1.3830 & 1.3815 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

1.3930

1.3910

1.3890

1.3876 Last

1.3850

1.3830

1.3815

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