USD/CAD may rise 16 - 31 pips

Pivot

1.3650

Our preference

Long positions above 1.3650 with targets at 1.3690 & 1.3705 in extension.

Alternative scenario

Below 1.3650 look for further downside with 1.3630 & 1.3610 as targets.

Comment

The immediate trend remains up and the momentum is strong.

Supports and resistances

1.3735

1.3705

1.3690

1.3674 Last

1.3650

1.3630

1.3610

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