USD/CAD may rise 22 - 37 pips

Pivot

1.3710

Our preference

Long positions above 1.3710 with targets at 1.3745 & 1.3760 in extension.

Alternative scenario

Below 1.3710 look for further downside with 1.3695 & 1.3685 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3780

1.3760

1.3745

1.3723 Last

1.3710

1.3695

1.3685

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