Tanalys

USD/CAD Intraday: bullish bias above 1.2295.

Pivot: 1.2295

Our preference: Long positions above 1.2295 with targets @ 1.236 1.2385 in extension.

Alternative scenario: Below 1.2295 look for further downside with 1.2265 1.22 as targets.

Comment: A support base at 1.2295 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.244

1.2385

1.236

1.2314 Last

1.2295

1.2265

1.22

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