USD/CAD may rise 31 - 51 pips

Pivot

1.3830

Our preference

Long positions above 1.3830 with targets at 1.3870 & 1.3890 in extension.

Alternative scenario

Below 1.3830 look for further downside with 1.3810 & 1.3790 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3915

1.3890

1.3870

1.3839 Last

1.3830

1.3810

1.3790

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