USD/CAD may rise 8 - 28 pips

Pivot

1.3785

Our preference

Long positions above 1.3785 with targets at 1.3815 & 1.3835 in extension.

Alternative scenario

Below 1.3785 look for further downside with 1.3770 & 1.3750 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

1.3855

1.3835

1.3815

1.3807 Last

1.3785

1.3770

1.3750

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