USD/CAD may rise to 1.3728 - 1.3786

Pivot

1.3420

Our preference

Long positions above 1.3420 with targets at 1.3728 & 1.3786 in extension.

Alternative scenario

Below 1.3420 look for further downside with 1.3360 & 1.3285 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3888 **

1.3786 ***

1.3728 ***

1.3658 Last

1.3420 ***

1.3360 ***

1.3285 ***

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