Tanalys

USD/CAD intraday: bullish bias above 1.029.

Pivot: 1.029

Our preference: Long positions above 1.029 with targets @ 1.0385 1.04 in extension.

Alternative scenario: Below 1.029 look for further downside with 1.0265 1.024 as targets.

Comment: technically, the RSI is above its neutrality area at 50.

Key levels

1.042

1.04

1.0385

1.03488 last

1.029

1.0265

1.024

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