Tanalys

USD/CAD intraday: further advance.

Pivot: 1.0235

Our preference: Long positions above 1.0235 with targets @ 1.029 1.034 in extension.

Alternative scenario: Below 1.0235 look for further downside with 1.02 1.0185 as targets.

Comment: the pair has broken above its previous high and should post further advance as the RSI is well directed.

Key levels

1.038

1.034

1.029

1.026 last

1.0235

1.02

1.0185

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