USD/CAD may rise 18 - 33 pips

Pivot

1.3820

Our preference

Long positions above 1.3820 with targets at 1.3850 & 1.3865 in extension.

Alternative scenario

Below 1.3820 look for further downside with 1.3800 & 1.3785 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3880

1.3865

1.3850

1.3832 Last

1.3820

1.3800

1.3785

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