USD/CAD may rise 24 - 39 pips

Pivot

1.3735

Our preference

Long positions above 1.3735 with targets at 1.3775 & 1.3790 in extension.

Alternative scenario

Below 1.3735 look for further downside with 1.3715 & 1.3695 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3810

1.3790

1.3775

1.3751 Last

1.3735

1.3715

1.3695

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