USD/CAD may rise to 1.3786 - 1.3946

Pivot

1.3600

Our preference

Long positions above 1.3600 with targets at 1.3786 & 1.3946 in extension.

Alternative scenario

Below 1.3600 look for further downside with 1.3460 & 1.3360 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

1.4100 **

1.3946 ***

1.3786 ***

1.3618 Last

1.3600 ***

1.3460 ***

1.3360 ***

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