USD/CAD may rise 12 - 27 pips

Pivot

1.3800

Our preference

Long positions above 1.3800 with targets at 1.3830 & 1.3845 in extension.

Alternative scenario

Below 1.3800 look for further downside with 1.3780 & 1.3770 as targets.

Comment

The break above 1.3800 is a positive signal that has opened a path to 1.3830.

Supports and resistances

1.3870

1.3845

1.3830

1.3818 Last

1.3800

1.3780

1.3770

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