USD/CAD may rise 20 - 40 pips

Pivot

1.3635

Our preference

Long positions above 1.3635 with targets at 1.3680 & 1.3700 in extension.

Alternative scenario

Below 1.3635 look for further downside with 1.3620 & 1.3600 as targets.

Comment

A support base at 1.3635 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.3720

1.3700

1.3680

1.3660 Last

1.3635

1.3620

1.3600

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