USD/CAD may rise 15 - 35 pips

Pivot

1.3775

Our preference

Long positions above 1.3775 with targets at 1.3815 & 1.3835 in extension.

Alternative scenario

Below 1.3775 look for further downside with 1.3755 & 1.3735 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3855

1.3835

1.3815

1.3800 Last

1.3775

1.3755

1.3735

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