Tanalys

USD/CAD Intraday: bullish bias above 1.094.

Pivot: 1.094

Our preference: Long positions above 1.094 with targets @ 1.101 1.105 in extension.

Alternative scenario: Below 1.094 look for further downside with 1.0915 1.087 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.107

1.105

1.101

1.0959 Last

1.094

1.0915

1.087

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