USD/CAD may rise 7 - 22 pips

Pivot

1.3635

Our preference

Long positions above 1.3635 with targets at 1.3675 & 1.3690 in extension.

Alternative scenario

Below 1.3635 look for further downside with 1.3610 & 1.3595 as targets.

Comment

A support base at 1.3635 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3705

1.3690

1.3675

1.3668 Last

1.3635

1.3610

1.3595

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