Tanalys

USD/CAD Intraday: bullish bias above 1.254.

Pivot: 1.254

Our preference: Long positions above 1.254 with targets @ 1.267 1.2695 in extension.

Alternative scenario: Below 1.254 look for further downside with 1.2495 1.245 as targets.

Comment: A support base at 1.254 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.2735 ***

1.2695 ***

1.267 ***

1.2565 Last

1.254 ***

1.2495 ***

1.245 **

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