USD/CAD may rise 10 - 30 pips

Intraday: bullish bias above 1.3900.

Pivot

1.3900

Our preference

Long positions above 1.3900 with targets at 1.3930 & 1.3950 in extension.

Alternative scenario

Below 1.3900 look for further downside with 1.3885 & 1.3870 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.3970

1.3950

1.3930

1.3920 Last

1.3900

1.3885

1.3870

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

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