USD/CAD may rise 7 - 22 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

A support base at 1.3575 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3630

1.3615

1.3600

1.3593 Last

1.3575

1.3560

1.3545

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