Tanalys

USD/CAD Intraday: bullish bias above 1.2245.

Pivot: 1.2245

Our preference: Long positions above 1.2245 with targets @ 1.235 1.2385 in extension.

Alternative scenario: Below 1.2245 look for further downside with 1.22 1.2125 as targets.

Comment: A support base at 1.2245 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.244

1.2385

1.235

1.2279 Last

1.2245

1.22

1.2125

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