USD/CAD may rise 14 - 29 pips

Pivot

1.3720

Our preference

Long positions above 1.3720 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario

Below 1.3720 look for further downside with 1.3695 & 1.3680 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3820

1.3790

1.3775

1.3761 Last

1.3720

1.3695

1.3680

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