USD/CAD may rise to 1.3785 - 1.3900

Pivot

1.3600

Our preference

Long positions above 1.3600 with targets at 1.3785 & 1.3900 in extension.

Alternative scenario

Below 1.3600 look for further downside with 1.3460 & 1.3350 as targets.

Comment

A support base at 1.3600 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.4030 **

1.3900 ***

1.3785 ***

1.3665 Last

1.3600 ***

1.3460 ***

1.3350 ***

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