USD/CAD may rise 18 - 33 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

The next resistances are at 1.3750 and then at 1.3765.

Supports and resistances

1.3780

1.3765

1.3750

1.3732 Last

1.3715

1.3700

1.3685

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