USD/CAD may rise 8 - 23 pips

Pivot

1.3750

Our preference

Long positions above 1.3750 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario

Below 1.3750 look for further downside with 1.3735 & 1.3715 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3810

1.3790

1.3775

1.3767 Last

1.3750

1.3735

1.3715

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