Tanalys

USD/CAD intraday: bullish bias above 1.036.

Pivot: 1.036

Our preference: Long positions above 1.036 with targets @ 1.0465 1.0488 in extension.

Alternative scenario: Below 1.036 look for further downside with 1.031 1.028 as targets.

Comment: the RSI lacks downward momentum.

Key levels

1.0515

1.0488

1.0465

1.0412 last

1.036

1.031

1.028

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