USD/CAD may rise 23 - 43 pips

Pivot

1.3720

Our preference

Long positions above 1.3720 with targets at 1.3770 & 1.3790 in extension.

Alternative scenario

Below 1.3720 look for further downside with 1.3700 & 1.3680 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3810

1.3790

1.3770

1.3747 Last

1.3720

1.3700

1.3680

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