Tanalys

USD/CAD intraday: bullish bias above 1.046.

Pivot: 1.046

Our preference: Long positions above 1.046 with targets @ 1.051 1.054 in extension.

Alternative scenario: Below 1.046 look for further downside with 1.0422 1.0395 as targets.

Comment: the RSI is supported by a bullish trend line.

Key levels

1.058

1.054

1.051

1.04929 last

1.046

1.0422

1.0395

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