Tanalys

USD/CAD Intraday: bullish bias above 1.3225.

Pivot: 1.3225

Our preference: Long positions above 1.3225 with targets @ 1.332 1.3355 in extension.

Alternative scenario: Below 1.3225 look for further downside with 1.318 1.3135 as targets.

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

Supports and resistances:

1.338 **

1.3355 **

1.332 ***

1.3246 Last

1.3225 **

1.318 ***

1.3135 ***

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