Tanalys

USD/CAD Intraday: bullish bias above 1.0985.

Pivot: 1.0985

Our preference: Long positions above 1.0985 with targets @ 1.1095 1.1125 in extension.

Alternative scenario: Below 1.0985 look for further downside with 1.0925 1.09 as targets.

Comment: the immediate trend remains up and the momentum is strong.

Supports and resistances:

1.1160

1.1125

1.1095

1.1080 Last

1.0985

1.0925

1.09

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