USD/CAD may rise 15 - 35 pips

Pivot

1.3700

Our preference

Long positions above 1.3700 with targets at 1.3740 & 1.3760 in extension.

Alternative scenario

Below 1.3700 look for further downside with 1.3685 & 1.3665 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.3780

1.3760

1.3740

1.3725 Last

1.3700

1.3685

1.3665

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