USD/CAD may rise 18 - 33 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 is bullish and calls for further upside.

Supports and resistances

1.3780

1.3760

1.3745

1.3727 Last

1.3705

1.3690

1.3675

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