Tanalys

USD/CAD Intraday: bullish bias above 1.272.

Pivot: 1.272

Our preference: Long positions above 1.272 with targets @ 1.2765 1.281 in extension.

Alternative scenario: Below 1.272 look for further downside with 1.269 1.265 as targets.

Comment: A support base at 1.272 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.286 *

1.281 **

1.2765 **

1.2732 Last

1.272 **

1.269 **

1.265 **

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