USD/CAD may rise 9 - 24 pips

Pivot

1.3785

Our preference

Long positions above 1.3785 with targets at 1.3815 & 1.3830 in extension.

Alternative scenario

Below 1.3785 look for further downside with 1.3770 & 1.3755 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

1.3845

1.3830

1.3815

1.3806 Last

1.3785

1.3770

1.3755

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