USD/CAD may rise 16 - 31 pips

Pivot

1.3795

Our preference

Long positions above 1.3795 with targets at 1.3830 & 1.3845 in extension.

Alternative scenario

Below 1.3795 look for further downside with 1.3780 & 1.3770 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3870

1.3845

1.3830

1.3814 Last

1.3795

1.3780

1.3770

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