USD/CAD may rise 15 - 35 pips

Pivot

1.3585

Our preference

Long positions above 1.3585 with targets at 1.3620 & 1.3640 in extension.

Alternative scenario

Below 1.3585 look for further downside with 1.3570 & 1.3555 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3660

1.3640

1.3620

1.3605 Last

1.3585

1.3570

1.3555

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