USD/CAD may rise 19 - 49 pips

Pivot

1.3740

Our preference

Long positions above 1.3740 with targets at 1.3790 & 1.3820 in extension.

Alternative scenario

Below 1.3740 look for further downside with 1.3710 & 1.3685 as targets.

Comment

The break above 1.3740 is a positive signal that has opened a path to 1.3790.

Supports and resistances

1.3845

1.3820

1.3790

1.3771 Last

1.3740

1.3710

1.3685

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