USD/CAD may rise 21 - 36 pips

Pivot

1.3660

Our preference

Long positions above 1.3660 with targets at 1.3695 & 1.3710 in extension.

Alternative scenario

Below 1.3660 look for further downside with 1.3645 & 1.3630 as targets.

Comment

A support base at 1.3660 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3730

1.3710

1.3695

1.3674 Last

1.3660

1.3645

1.3630

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