USD/CAD may rise 12 - 27 pips

Pivot

1.3670

Our preference

Long positions above 1.3670 with targets at 1.3705 & 1.3720 in extension.

Alternative scenario

Below 1.3670 look for further downside with 1.3650 & 1.3635 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

1.3750

1.3720

1.3705

1.3693 Last

1.3670

1.3650

1.3635

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