Tanalys

USD/CAD intraday: bullish bias above 1.041.

Pivot: 1.041

Our preference: Long positions above 1.041 with targets @ 1.0525 1.0555 in extension.

Alternative scenario: Below 1.041 look for further downside with 1.036 1.031 as targets.

Comment: the RSI has just landed on its neutrality area at 50% and is turning up.

Key levels

1.057

1.0555

1.0525

1.04725 last

1.041

1.036

1.031

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