Tanalys

USD/CAD Intraday: bullish bias above 1.256.

Pivot: 1.256

Our preference: Long positions above 1.256 with targets @ 1.267 1.2695 in extension.

Alternative scenario: Below 1.256 look for further downside with 1.25 1.245 as targets.

Comment: A support base at 1.256 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.2735 ***

1.2695 ***

1.267 ***

1.2591 Last

1.256 ***

1.25 ***

1.245 **

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