USD/CAD may rise 59 - 94 pips

Intraday: the upside prevails.

Pivot

1.4020

Our preference

Long positions above 1.4020 with targets at 1.4175 & 1.4210 in extension.

Alternative scenario

Below 1.4020 look for further downside with 1.3980 & 1.3950 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

1.4280

1.4210

1.4175

1.4116 Last

1.4020

1.3980

1.3950

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

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