USD/CAD may rise 14 - 29 pips

Pivot

1.3830

Our preference

Long positions above 1.3830 with targets at 1.3865 & 1.3880 in extension.

Alternative scenario

Below 1.3830 look for further downside with 1.3810 & 1.3795 as targets.

Comment

The RSI is mixed to bullish.

Supports and resistances

1.3900

1.3880

1.3865

1.3851 Last

1.3830

1.3810

1.3795

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