Tanalys

USD/CAD Intraday: bullish bias above 1.321.

Pivot: 1.321

Our preference: Long positions above 1.321 with targets @ 1.3285 1.331 in extension.

Alternative scenario: Below 1.321 look for further downside with 1.3175 1.315 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

1.334

1.331

1.3285

1.3228 Last

1.321

1.3175

1.315

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