USD/CAD may rise 29 - 49 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

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3660

1.3640

1.3620

1.3591 Last

1.3585

1.3570

1.3555

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