USD/CAD may rise 20 - 35 pips

Pivot

1.3775

Our preference

Long positions above 1.3775 with targets at 1.3815 & 1.3830 in extension.

Alternative scenario

Below 1.3775 look for further downside with 1.3760 & 1.3745 as targets.

Comment

A support base at 1.3775 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3845

1.3830

1.3815

1.3795 Last

1.3775

1.3760

1.3745

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