USD/CAD may rise 16 - 36 pips

Pivot

1.3590

Our preference

Long positions above 1.3590 with targets at 1.3630 & 1.3650 in extension.

Alternative scenario

Below 1.3590 look for further downside with 1.3570 & 1.3540 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3670

1.3650

1.3630

1.3614 Last

1.3590

1.3570

1.3540

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