USD/CAD may rise 18 - 38 pips

Pivot

1.3665

Our preference

Long positions above 1.3665 with targets at 1.3715 & 1.3735 in extension.

Alternative scenario

Below 1.3665 look for further downside with 1.3640 & 1.3630 as targets.

Comment

The break above 1.3665 is a positive signal that has opened a path to 1.3715.

Supports and resistances

1.3745

1.3735

1.3715

1.3697 Last

1.3665

1.3640

1.3630

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