USD/CAD may rise 23 - 43 pips

Pivot

1.3750

Our preference

Long positions above 1.3750 with targets at 1.3800 & 1.3820 in extension.

Alternative scenario

Below 1.3750 look for further downside with 1.3730 & 1.3710 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.3850

1.3820

1.3800

1.3777 Last

1.3750

1.3730

1.3710

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