USD/CAD may rise 35 - 52 pips

1.3594 is our pivot point.

Our preference

Rebound towards 1.3673.

Alternative scenario

Below 1.3594, expect 1.3567 and 1.3550.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.3623 and 1.3628).

Supports and resistances

1.3706 **

1.3689 *

1.3673 **

1.3656

1.3621 last

1.3605

1.3594 **

1.3567 *

1.3550 **

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