USD/CAD may rise 29 - 44 pips

Pivot

1.3665

Our preference

Long positions above 1.3665 with targets at 1.3730 & 1.3745 in extension.

Alternative scenario

Below 1.3665 look for further downside with 1.3645 & 1.3630 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3760

1.3745

1.3730

1.3701 Last

1.3665

1.3645

1.3630

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