Tanalys

USD/CAD Intraday: bullish bias above 1.028.

Pivot: 1.028

Our preference: Long positions above 1.028 with targets @ 1.0335 1.0355 in extension.

Alternative scenario: Below 1.028 look for further downside with 1.023 1.018 as targets.

Comment: the RSI has just landed on a support around 30% and is reversing up. The pair is trading in a bullish channel.

Supports and resistances:

1.038

1.0355

1.0335

1.031 Last

1.028

1.023

1.018

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