USD/CAD may rise 13 - 28 pips

Pivot

1.3575

Our preference

Long positions above 1.3575 with targets at 1.3600 & 1.3615 in extension.

Alternative scenario

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

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

1.3630

1.3615

1.3600

1.3587 Last

1.3575

1.3560

1.3545

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