USD/CAD may rise 8 - 23 pips

Pivot

1.3665

Our preference

Long positions above 1.3665 with targets at 1.3690 & 1.3705 in extension.

Alternative scenario

Below 1.3665 look for further downside with 1.3650 & 1.3635 as targets.

Comment

The break above 1.3665 is a positive signal that has opened a path to 1.3690.

Supports and resistances

1.3720

1.3705

1.3690

1.3682 Last

1.3665

1.3650

1.3635

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