Tanalys

USD/CAD Intraday: intraday support around 1.0615.

Pivot: 1.0615

Our preference: Long positions above 1.0615 with targets @ 1.0695 1.0725 in extension.

Alternative scenario: Below 1.0615 look for further downside with 1.058 1.0555 as targets.

Comment: A support base at 1.0615 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

1.075

1.0725

1.0695

1.0639 Last

1.0615

1.058

1.0555

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