USD/CAD may rise 25 - 45 pips

Pivot

1.3455

Our preference

Long positions above 1.3455 with targets at 1.3490 & 1.3510 in extension.

Alternative scenario

Below 1.3455 look for further downside with 1.3440 & 1.3425 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

1.3530

1.3510

1.3490

1.3465 Last

1.3455

1.3440

1.3425

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