Tanalys

USD/CAD intraday: bullish bias above 1.0425.

Pivot: 1.0425

Our preference: Long positions above 1.0425 with targets @ 1.049 1.0515 in extension.

Alternative scenario: Below 1.0425 look for further downside with 1.039 1.036 as targets.

Comment: the RSI is bullish and calls for further advance.

Key levels

1.054

1.0515

1.049

1.0463 last

1.0425

1.039

1.036

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