USD/CAD may rise 23 - 38 pips

Pivot

1.3575

Our preference

Long positions above 1.3575 with targets at 1.3615 & 1.3630 in extension.

Alternative scenario

Below 1.3575 look for further downside with 1.3560 & 1.3545 as targets.

Comment

The next resistances are at 1.3615 and then at 1.3630.

Supports and resistances

1.3645

1.3630

1.3615

1.3592 Last

1.3575

1.3560

1.3545

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