USD/CAD may rise 22 - 47 pips

Intraday: the upside prevails.

Pivot

1.4050

Our preference

Long positions above 1.4050 with targets at 1.4110 & 1.4135 in extension.

Alternative scenario

Below 1.4050 look for further downside with 1.4030 & 1.4000 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

1.4160

1.4135

1.4110

1.4088 Last

1.4050

1.4030

1.4000

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

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