Tanalys

USD/CAD intraday: bullish bias above 1.049.

Pivot: 1.049

Our preference: Long positions above 1.049 with targets @ 1.057 1.0595 in extension.

Alternative scenario: Below 1.049 look for further downside with 1.0465 1.0435 as targets.

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

Key levels

1.061

1.0595

1.057

1.0527 last

1.049

1.0465

1.0435

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