USD/CAD may rise 16 - 31 pips

Pivot

1.3720

Our preference

Long positions above 1.3720 with targets at 1.3760 & 1.3775 in extension.

Alternative scenario

Below 1.3720 look for further downside with 1.3705 & 1.3690 as targets.

Comment

The next resistances are at 1.3760 and then at 1.3775.

Supports and resistances

1.3790

1.3775

1.3760

1.3744 Last

1.3720

1.3705

1.3690

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