USD/CAD may rise 17 - 30 pips

Pivot

1.3570

Our preference

Long positions above 1.3570 with targets at 1.3605 & 1.3618 in extension.

Alternative scenario

Below 1.3570 look for further downside with 1.3550 & 1.3535 as targets.

Comment

A support base at 1.3570 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3640

1.3618

1.3605

1.3588 Last

1.3570

1.3550

1.3535

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