USD/CAD may rise 27 - 47 pips

Pivot

1.3740

Our preference

Long positions above 1.3740 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3740 look for further downside with 1.3720 & 1.3700 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.3840

1.3820

1.3800

1.3773 Last

1.3740

1.3720

1.3700

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