USD/CAD may rise 14 - 29 pips

Pivot

1.3715

Our preference

Long positions above 1.3715 with targets at 1.3750 & 1.3765 in extension.

Alternative scenario

Below 1.3715 look for further downside with 1.3700 & 1.3685 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

1.3780

1.3765

1.3750

1.3736 Last

1.3715

1.3700

1.3685

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