USD/CAD may rise 22 - 37 pips

Pivot

1.3720

Our preference

Long positions above 1.3720 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario

Below 1.3720 look for further downside with 1.3700 & 1.3680 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.3810

1.3790

1.3775

1.3753 Last

1.3720

1.3700

1.3680

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