USD/CAD may rise 20 - 40 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

A support base at 1.3455 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3530

1.3510

1.3490

1.3470 Last

1.3455

1.3440

1.3425

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