USD/CAD may rise 19 - 34 pips

Pivot

1.3655

Our preference

Long positions above 1.3655 with targets at 1.3695 & 1.3710 in extension.

Alternative scenario

Below 1.3655 look for further downside with 1.3640 & 1.3620 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3730

1.3710

1.3695

1.3676 Last

1.3655

1.3640

1.3620

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