USD/CAD may rise 18 - 38 pips

Pivot

1.3750

Our preference

Long positions above 1.3750 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3750 look for further downside with 1.3725 & 1.3700 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

1.3840

1.3820

1.3800

1.3782 Last

1.3750

1.3725

1.3700

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