USD/CAD may rise 13 - 28 pips

Pivot

1.3700

Our preference

Long positions above 1.3700 with targets at 1.3730 & 1.3745 in extension.

Alternative scenario

Below 1.3700 look for further downside with 1.3685 & 1.3670 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

1.3760

1.3745

1.3730

1.3717 Last

1.3700

1.3685

1.3670

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