USD/CAD may rise 36 - 53 pips

1.3817 is our pivot point.

Our preference

The upside prevails as long as 1.3817 is support.

Alternative scenario

Below 1.3817, expect 1.3788 and 1.3771.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.3832 and 1.3825).

Supports and resistances

1.3933 **

1.3916 *

1.3898 **

1.3881

1.3845 last

1.3829

1.3817 **

1.3788 *

1.3771 **

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