USD/CAD may rise 27 - 47 pips

Pivot

1.3645

Our preference

Long positions above 1.3645 with targets at 1.3710 & 1.3730 in extension.

Alternative scenario

Below 1.3645 look for further downside with 1.3620 & 1.3600 as targets.

Comment

The break above 1.3645 is a positive signal that has opened a path to 1.3710.

Supports and resistances

1.3750

1.3730

1.3710

1.3683 Last

1.3645

1.3620

1.3600

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