USD/CAD may rise to 1.3785 - 1.3900

Pivot

1.3590

Our preference

Long positions above 1.3590 with targets at 1.3785 & 1.3900 in extension.

Alternative scenario

Below 1.3590 look for further downside with 1.3460 & 1.3350 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

1.4030 **

1.3900 ***

1.3785 ***

1.3690 Last

1.3590 ***

1.3460 ***

1.3350 ***

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