Tanalys

USD/CAD intraday: bullish bias above 1.0435.

Pivot: 1.0435

Our preference: Long positions above 1.0435 with targets @ 1.0555 1.061 in extension.

Alternative scenario: Below 1.0435 look for further downside with 1.039 1.036 as targets.

Comment: a support base at 1.0435 has formed and has allowed for a temporary stabilisation.

Key levels

1.0645

1.061

1.0555

1.05 last

1.0435

1.039

1.036

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