Tanalys

USD/CAD intraday: bullish bias above 1.06.

Pivot: 1.06

Our preference: Long positions above 1.06 with targets @ 1.0675 1.0715 in extension.

Alternative scenario: Below 1.06 look for further downside with 1.0565 1.053 as targets.

Comment: the break above 1.06 is a positive signal that has opened a path to 1.0675.

Key levels

1.075

1.0715

1.0675

1.0642 last

1.06

1.0565

1.053

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