USD/CAD may rise 11 - 31 pips

Pivot

1.3780

Our preference

Long positions above 1.3780 with targets at 1.3815 & 1.3835 in extension.

Alternative scenario

Below 1.3780 look for further downside with 1.3755 & 1.3735 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3855

1.3835

1.3815

1.3804 Last

1.3780

1.3755

1.3735

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