USD/CAD may rise 3 - 23 pips

Pivot

1.3770

Our preference

Long positions above 1.3770 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3770 look for further downside with 1.3750 & 1.3735 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3840

1.3820

1.3800

1.3797 Last

1.3770

1.3750

1.3735

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