USD/CAD may rise 27 - 47 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

A support base at 1.3750 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3840

1.3820

1.3800

1.3773 Last

1.3750

1.3725

1.3700

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