Tanalys

USD/CAD Intraday: bullish bias above 1.267.

Pivot: 1.267

Our preference: Long positions above 1.267 with targets @ 1.278 1.282 in extension.

Alternative scenario: Below 1.267 look for further downside with 1.264 1.261 as targets.

Comment: A support base at 1.267 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.2885 *

1.282 **

1.278 **

1.2699 Last

1.267 ***

1.264 *

1.261 *

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