USD/CAD may rise 31 - 51 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 break above 1.3700 is a positive signal that has opened a path to 1.3740.

Supports and resistances

1.3780

1.3760

1.3740

1.3709 Last

1.3700

1.3685

1.3665

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