USD/CAD may rise 21 - 41 pips

Pivot

1.3685

Our preference

Long positions above 1.3685 with targets at 1.3730 & 1.3750 in extension.

Alternative scenario

Below 1.3685 look for further downside with 1.3670 & 1.3650 as targets.

Comment

The break above 1.3685 is a positive signal that has opened a path to 1.3730.

Supports and resistances

1.3770

1.3750

1.3730

1.3709 Last

1.3685

1.3670

1.3650

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