USD/CAD may rise 49 - 74 pips

Pivot

1.3695

Our preference

Long positions above 1.3695 with targets at 1.3750 & 1.3775 in extension.

Alternative scenario

Below 1.3695 look for further downside with 1.3675 & 1.3650 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

1.3800

1.3775

1.3750

1.3701 Last

1.3695

1.3675

1.3650

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