USD/CAD may rise 20 - 40 pips

Pivot

1.3650

Our preference

Long positions above 1.3650 with targets at 1.3695 & 1.3715 in extension.

Alternative scenario

Below 1.3650 look for further downside with 1.3630 & 1.3615 as targets.

Comment

The break above 1.3650 is a positive signal that has opened a path to 1.3695.

Supports and resistances

1.3725

1.3715

1.3695

1.3675 Last

1.3650

1.3630

1.3615

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