USD/CAD may rise 17 - 32 pips

Pivot

1.3735

Our preference

Long positions above 1.3735 with targets at 1.3760 & 1.3775 in extension.

Alternative scenario

Below 1.3735 look for further downside with 1.3710 & 1.3695 as targets.

Comment

The break above 1.3735 is a positive signal that has opened a path to 1.3760.

Supports and resistances

1.3790

1.3775

1.3760

1.3743 Last

1.3735

1.3710

1.3695

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