USD/CAD may rise 14 - 29 pips

Pivot

1.3705

Our preference

Long positions above 1.3705 with targets at 1.3745 & 1.3760 in extension.

Alternative scenario

Below 1.3705 look for further downside with 1.3690 & 1.3675 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3780

1.3760

1.3745

1.3731 Last

1.3705

1.3690

1.3675

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