USD/CAD may rise 21 - 36 pips

Pivot

1.3725

Our preference

Long positions above 1.3725 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario

Below 1.3725 look for further downside with 1.3705 & 1.3690 as targets.

Comment

A support base at 1.3725 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3810

1.3790

1.3775

1.3754 Last

1.3725

1.3705

1.3690

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